Bullish Case: If the price breaks above 63,476 USD and sustains, it may challenge the 65,000 USD resistance and even head toward 66,550 USD. The upward movement could be fueled by bullish momentum if the price sustains above the blue channel's upper boundary.
Bearish Case: If the price fails to break above the current levels and dips below 60,255 USD, it may test the 58,863 USD support again. A break below this level could lead to further downside, possibly toward 52,530 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.