BTC/USDT Chart Update: A Look at Recent Trends & What's Next?
Looking at the BTC/USDT chart, we've seen some interesting movements over the past few days. After a dip around June 6th to approximately $100,403.7, Bitcoin staged a notable recovery, peaking near $110,665.8 on June 10th. This was followed by a correction, bringing prices back down before finding support and beginning another upward climb towards the current levels around $106,943.2.
The price action suggests a potential short-term bullish continuation, with the market showing resilience after recent pullbacks. The current upward trajectory, especially on the 1-hour timeframe shown, indicates positive momentum.
Market Prediction:
Given the recent bounce from support and the current upward trend, we could see BTC test higher resistance levels in the near term, potentially re-approaching the $108,000 to $110,000 range if this momentum holds.
However, it's crucial to watch for sustained volume to support this move. Traders should also be mindful of potential volatility around previous resistance zones. As always, do your own research and manage your risk!