#BTCđź’µ Analysis
Current Price: $59,971.6
Bitcoin is showing a sharp rebound after touching the lower trendline of a rising channel on the 4-hour chart. This channel has provided significant support, aligning with key Fibonacci retracement levels.
🔍 Key Levels to Watch:
• Support Levels: $56,681.8, $54,370.6, $51,309.5, $49,025.7
• Resistance Levels: $61,891.3, $65,015.3, $67,232.1, $69,999.5
The recent bounce suggests buyers are stepping in around the lower channel support. Keep an eye on the next resistance level at $61,891.3—breaking above this could signal a bullish move towards $65,015.3 and beyond. Conversely, a break below the current support may lead to a retest of lower Fibonacci levels.
Stay updated and manage your trades wisely!
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