#TradingAnalysis101 Currently, the support and resistance levels for Bitcoin (BTC) are as follows:

Support Levels:

• 66,000$: A critical support level for Bitcoin. If this level is broken, the downtrend may accelerate.

• 63,200$: A stronger support point. If the price retraces to this level, strong buying reactions may occur.

Resistance Levels:

• 68,000$: The first significant resistance point. If this level is exceeded, the uptrend may gain momentum.

• 70,000$: A critical threshold that Bitcoin needs to surpass to continue its upward trend. If it maintains above this level, new buying waves may be triggered.

Additionally, from a broader perspective:

• A significant resistance is found at 98.481$ . If BTC surpasses this level, it could reach the psychological barrier of 100,000$ .

• 102.681$ and 106.313$ levels stand out as resistance levels that could be tested in case of an upward breakout.

• On the other hand, if BTC enters a downtrend, the levels of 94.141$ and 91.295$ should be monitored as important support points.

The market is currently in a neutral phase, and traders are waiting for confirmation before making a directional move. It would be beneficial to determine your trading strategy by following current movements.