Bitcoin ($BTC /USDT) Technical Analysis

Current Price: $61,999.90 (1.30% increase in 24 hours)

Key Indicators:

Bollinger Bands (20,2):

Upper Band: 66,752.33

Middle Band: 62,807.23

Lower Band: 58,862.13

24h High: 62,484.85

24h Low: 60,753.97

Short-Term Trading Signals:

Slight Uptrend: The price is currently slightly above the middle Bollinger Band, indicating a potential short-term uptrend.

Resistance at $62,484.85: The 24h high acts as a resistance level. If the price breaks above this level, it could signal a stronger uptrend.

Long-Term Trading Signals:

Overall Bullish Trend: The price is above the lower Bollinger Band and has been showing an upward trend in the past few days. This suggests a potential long-term bullish trend.

Support at $60,753.97: The 24h low acts as a support level. If the price falls below this level, it could indicate a short-term pullback but does not necessarily negate the long-term bullish trend.

Note: Technical analysis is not a guarantee of future price movements. Always do your own research and consider other factors before making any

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