$BTC update: it looks like Bitcoin is currently in a consolidating phase after a drop. Here are a few points to consider for what might happen next: Support and Resistance Levels:
• The closest support level appears to be around $57,382.93
• Resistance levels to watch are around $60,425.59 and $63,009.78.
Potential Scenarios:
• Bullish Case: If BTC breaks above $60,425.59, it could indicate a move toward the next resistance around $63,009.78. A further break above this level could trigger a move toward the previous highs.
• Bearish Case: If it fails to hold above the current level and breaks below $57,382.93, there could be further downside, possibly retesting lower levels.
