Bitcoin (BTC/USDT) is in a precarious spot, with sellers currently driving the action. After peaking at 68,850 USDT, Bitcoin has fallen to 66,868 USDT, down by 1.66%. This intense battle between bulls and bears has brought BTC close to a critical decision point, setting the stage for potential volatility.
Key Levels to Watch
Immediate Resistance: 67,474 USDT – Breaking above this could open the door for a bullish move, with potential for further gains.
Target 1: 68,850 USDT – The next key resistance. A breakout here might attract buyers and increase momentum.
Key Support: 65,596 USDT – This level is crucial for BTC's defense. A drop below could lead to heightened selling pressure, pushing prices toward 64,500 USDT or lower.
Potential Scenarios
Bearish Breakdown: If BTC fails to stay above 65,596 USDT, we could see further declines toward 64,500 USDT, which may accelerate the downtrend.
Bullish Reversal: A rise above 67,474 USDT might trigger a rally toward 68,850 USDT, giving bulls an upper hand.
Stay alert—BTC is on the edge of a major move!#BinanceBlockchainWeek #ScrollOnBinance #BTC67KRebound $BTC
