BTC/USDT 50MA Chart Analysis - Key Levels to Watch

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The **BTC/USDT 1-day chart** highlights a key confluence area, where the **50-day moving average (50MA)** is serving as a crucial support level. Historically, the resistance zone between **$66,000-$72,000** (marked in red) has acted as a strong supply zone where sellers step in. Currently, Bitcoin is holding above the **50MA** (red line), which is a critical level for traders.

If Bitcoin maintains its position above this 50MA and breaks the descending resistance (white trendline), it could push toward the **$66,000-$68,000** target area. However, if the price fails to hold, it may retest the **$55,000-$58,000** support zone (marked in green).

Conclusion :

Bitcoin is at a pivotal range. A break above the descending trendline could fuel a bullish move, but a drop below the **50MA** may lead to further declines.

Advice for Investors :

Monitor the **50MA** closely; a decisive break in either direction could signal the next major move for Bitcoin.