BTCUSD 12H / Correction with bullish potential
The BTC/USD chart indicates a potential upward movement if the price breaks through the pivot zone around 60000. The next key resistance area to target is 64,905. If Bitcoin successfully surpasses this level, it may aim for higher targets around the second resistance area (70,000).
However, if Bitcoin fails to break above the pivot zone and faces rejection and stabilize under 56888, it might retest the 1st support area near 52,791. A deeper bearish move could push the price toward the 2nd support area around 49,453.
Key Levels:
Pivot Zone: 62,407
Resistance Lines: 62400, 64905, 70000
Support Lines: 56888, 52791, 49453
The price action near the pivot zone will be crucial in determining the next direction.
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