$BTC
Trade setup Long 👌
Target price 1-68200
Target price 2-69500
Target price 3-70200
BTCUSDT
Perp
67,456.6
+1.65%
BTC has fluctuated between $65,548 and $67,936 over the last 24 hours.
Traders are closely watching the $65,800 level, which has recently acted as a critical support zone where buyers have stepped in to prevent further slides.
On the 4-hour timeframe, technical indicators like the RSI have shown signs of bullish divergence (higher lows on the RSI while price makes lower lows), suggesting that selling pressure may be exhausting.
Trendline Breakout: Bitcoin recently broke out of a short-term descending channel, a signal often interpreted as buyers regaining control.