BTC/USD Analysis: Bitcoin Eyes $67,728 Resistance – What’s Next?
Bitcoin (BTC) is approaching a critical resistance level at $67,728, a key area that could determine its next major move. This level is pivotal, as breaking above it may trigger a fresh surge toward new all-time highs. However, failure to surpass this resistance could lead to a pullback or consolidation phase.
Support Levels to watch are $65,000 and $63,000—zones that have previously held strong during corrections. Traders should be on alert for potential buying opportunities here if Bitcoin retraces.
Entry Strategy: A breakout above $67,728 with strong volume could signal an ideal buying opportunity, targeting $70,000 and higher. On the other hand, if BTC consolidates, entering near the support zones could offer better risk-reward trades, with stops just below these levels.
Keep an eye on the RSI, as it’s nearing overbought territory—suggesting a short-term pullback might be in play before another bullish run. Traders should stay vigilant and capitalize on the next big move!
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