$BTC is showing strong upward momentum, with the price currently at $65,810.72 (+5.43%) after a recent low of $62,314.13 and reaching a high of $66,299.93 . Given this bullish move, the short-term outlook could suggest the possibility of a continuation of this trend.
However, here are key points to consider for the next move:
1. Resistance Levels:
The price has hit a recent high of $66,299.93 . If this level is breached, it could further push higher. However, it could also act as a strong resistance, leading to consolidation or a minor pullback.
2. Support Levels:
The last notable low was around $62,314.13, and an even stronger support at $62,050 . If the price falls back, these levels may hold as key supports.
3. Volume:
The 24-hour trading volume is relatively high, which suggests strong interest. If volume remains consistent, it could support the upward trend.
4. Order Book:
Looking at the buy/sell orders, there seems to be more selling pressure (61%-70% on the sell side). If this persists, the price may struggle to break higher and could correct.
Next move scenario:
- Bullish scenario:
If the price breaks above $66,300
, it could continue its upward trajectory toward the next resistance zone, potentially around $67000 or more.
- Bearish scenario:
A failure to break resistance could lead to a pullback toward $62,000-$60,000 or more.
Note: This isn't a financial advice and neither a strong prediction . Don't trade on behalf of this post .