The $BTC /USDT chart shows Bitcoin trading at $63,310.84, down by 0.43% over the past 24 hours. The 24-hour high was $64,745.88, and the low touched $62,538.75, highlighting significant volatility within this range. Bitcoin is currently consolidating near the $63,300 level after failing to hold the gains from the sharp upward move.
The price action suggests that BTC attempted to break higher, but the strong rejection at $64,745.88 indicates that sellers are defending this level, leading to a pullback. Support near $62,538.75 has held for now, and the market seems to be in a consolidation phase, waiting for a decisive move in either direction.
If Bitcoin can break above $63,989.70, the next target would be to retest the $64,745.88 resistance level. A successful break could lead to a rally toward $65,000 and beyond. However, if BTC fails to hold above $63,000, there is a risk of further downside, potentially revisiting support near $62,300 or even lower. Traders should watch these key levels closely as the market remains at a critical point.
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