$BTC

Bitcoin is approaching a critical point - growth or decline?

The current price of BTC/USDC is $67,610.02, which shows a decrease of 1.22% in the last 24 hours. However, the monthly chart shows an upward trend that has begun in recent weeks.

Facts to analyze:

1. Support and resistance: The low in the last 24 hours was $66,815.00, and the high was $69,516.00, indicating important levels that may play a key role in the near future. The resistance level near $69,500 may become a barrier to further growth.

2. Indicators: MA (7) at $63,612.62 and MA (25) at $41,880.07 indicate a continuing medium-term uptrend. At the same time, the RSI at 52.25% is in the neutral zone, indicating the absence of overbought or oversold conditions.

Forecast: If the price breaks through the resistance level at $69,500, we can expect further growth to $73,800, which was previously marked on the chart as a local maximum. However, if the downward correction continues, the price may return to support at $66,800, with a possible breakout lower to $63,000.

Be careful - the market may become more volatile in the near future.