$BTC is currently exhibiting signs of bullish consolidation after a volatile start to the year. As of mid-March 2024, price action is fluctuating within a defined range just below $70,000. This behavior follows a significant rally driven by the approval of spot ETFs in the U.S. and anticipation of the upcoming block reward halving in April.
Key Technical Levels to Watch:
Resistance: The immediate hurdle remains the $73,777 all-time high. A decisive break above this level could signal the next leg up toward $80,000.
Support: Downside risk is supported near $66,500, with stronger struggling
support lying between $60,000 and
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