Bitcoin (BTC) has recently exhibited bullish momentum, with technical indicators suggesting potential short-term gains. The Relative Strength Index (RSI) stands at 66.42, indicating bullish conditions, while the Moving Average Convergence Divergence (MACD) shows a bullish crossover, signaling potential upward movement. Support levels are identified at $66,800 and $65,800, with resistance at $68,500 and $70,000. In the next 6 hours, there's a 75% probability of an uptrend, with possible scenarios including a breakout above $68,500 targeting $70,000-$71,500, consolidation around $67,500-$68,500, or a correction to $66,800-$65,800.
In contrast, Tether (USDT) is a stablecoin pegged to the US dollar, maintaining a stable value of $1.00. Its primary function is to provide liquidity and a stable trading pair for other cryptocurrencies, rather than serving as an investment asset for price appreciation.
Given BTC's current bullish indicators, short-term traders might consider capitalizing on potential gains, while USDT remains a stable option for risk-averse investors seeking to preserve capital.$BTC