đ Bitcoin Price Analysis on Binance: Bulls Eye $60K Breakout
#Bitcoin ($BTC) is holding strong above key support at $57,000 on Binance, signaling growing buyer interest. After a minor dip, BTC bounced back and is now testing the $59.5Kâ$60K resistance zone â a breakout here could open the door to $64K.
đ Key Levels:
Support: $56,500 â $57,200
Resistance: $60,000 â $61,000
Volume: Steady with bullish bias
đ§ On-Chain Insight:
Glassnode data shows exchange balances continue to decline, suggesting strong accumulation. Meanwhile, Binance order books reveal thick buy walls near $57K.
> âBTC on Binance is forming a classic ascending triangle â a breakout could send us flying.â â Analyst
đ¨ Watch For:
Break above $60K with strong volume = bullish confirmation
Drop below $56.5K = short-term bearish shift