Bitcoin is on the move, reaching $68,398.01 with a 1.87% gain in the past 24 hours! As it approaches key resistance zones, traders are watching closely for the next big move in this bullish market. Will BTC rally higher, or are we about to see a reversal?
Key Levels to Watch:
Primary Resistance: $69,519.52 USDT
If BTC surpasses this level, it could target the psychological barrier at $69,893.00 or higher, potentially triggering a wave of buying interest as traders push for new highs.
Support Level: $67,154.17 USDT
This is BTC's main support level, essential for maintaining its upward momentum. A drop below this could lead to a slide toward $64,415.35, possibly fueling bearish momentum if sell-offs intensify.
Target Levels:
1. Target 1: $69,893.00 (if BTC breaks above resistance)
2. Target 2: $67,154.17 (if support holds)
3. Target 3: $64,415.35 (if support fails)
Scenarios to Consider:
Bearish Pullback:
If BTC falls below $67,154.17, expect a pullback to $64,415.35, where buyers may re-enter or selling could accelerate.
Bullish Breakout:
A move past $69,519.52 could set BTC up for a further rally, with the next target at $69,893.00 and potentially beyond as Bitcoin looks to continue its bull run.
Stay alert, BTC traders! This upcoming move could set the stage. Will Bitcoin soar to new highs or take a breather?#BTCETFDemandSurge
