$BTC current price at 60,617.99 USDT. Over the past 24 hours, the price hit a high of 61,321.68 and a low of 58,946.00, with a 1.93% increase today.
Key factors visible on the chart:
- Current Trend:There was a sharp drop to 58,946 USDT, followed by a quick recovery above 60,000 USDT. The price seems to be consolidating after this rebound.
- Volume:The volume surged during the recent price recovery, but it is tapering off slightly, which could indicate a slowdown in momentum.
- Order Book: The bid-ask ratio shows more sell pressure (69.22% ask) compared to buy interest (30.78% bid).
Predictions for the next 24 hours:
1. Neutral/Consolidation: Given the current consolidation after a significant price recovery, it could continue to range between 60,000 and 61,000 USDT for a while unless a major catalyst occurs.
2. Upside Potential:If the price breaks above 61,300 USDT with increased volume, it might signal further bullish momentum.
3. Downside Risk:If selling pressure increases (as the order book suggests), a retest of the 58,946 USDT support level is possible.
The overall market sentiment and external factors like news or macroeconomic events could strongly influence the next 24 hours.