$BTC
/USDT CONSOLIDATION BEFORE NEXT BIG MOVE
Bitcoin is currently trading in a tight consolidation zone, showing reduced volatility after recent swings. The price is holding near $60,020, with minor intraday gains of +0.26%, suggesting accumulation by buyers.
Support Zone: $59,500 ā $59,800 remains the key area to watch. A bounce from here could fuel a bullish breakout.
Resistance Level: $60,800 ā $61,200 must be cleared for further upside momentum.
Momentum: RSI indicates neutral strength, leaving room for either direction.
š If bulls defend support strongly, a push toward $62,000 looks likely. However, if $59,500 breaks, sellers could drag BTC back toward $58,500.
š Market participants should watch for a decisive breakout from the current consolidation to confirm the next major move.
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