๐ Bitcoin is Preparing for the Next Big Move? Bitcoin has been consolidating in a tight range for the past few days. ๐น Strong support around $58,000 ๐น Resistance near $61,500
If BTC breaks above the resistance, we may see a quick rally toward $63,000โ$64,000. On the other hand, a breakdown below support can push BTC back to $55,000 levels.
๐ For short-term traders, this is a crucial zone. ๐ For long-term holders, dips can still be a good buying opportunity.
What do you think? Will Bitcoin break out upward ๐ or downward ๐ this week?