Bitcoin’s pivot point stands around $59,570. A break above this level could signal a shift towards a more bullish bias, potentially pushing prices towards immediate resistance at $61,700. Further escalations could see BTC targeting higher resistance levels at $64,650 and $67,065.
Conversely, if Bitcoin fails to sustain above $59,570, it could face downward pressure, with initial support placed at $56,625.
Bitcoin Price Prediction – Source: Tradingview
Subsequent supports are observed at $55,055 and $53,000, which could play critical roles in cushioning any further declines.
Technical indicators like the RSI at 48 suggest a neutral market sentiment, while the 50-day Exponential Moving Average at $61,321 provides a near-term benchmark.
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