$BTC is currently stuck in a range between $61,000 and $68,000 and remains weak below the key horizontal resistance. Price is trading near the middle of the range with no clear momentum.
A downside breakout below $61,000 could lead to a retest of $59,000–$60,000, while an upside breakout above $68,000 could trigger a bullish recovery toward $72,900 and then $76,000.
For now, we are not anticipating any direction. Until the range breaks with strong volume, staying patient and avoiding unnecessary trades makes more sense.
A downside breakout below $61,000 could lead to a retest of $59,000–$60,000, while an upside breakout above $68,000 could trigger a bullish recovery toward $72,900 and then $76,000.
For now, we are not anticipating any direction. Until the range breaks with strong volume, staying patient and avoiding unnecessary trades makes more sense.