Analyzing Bitcoin Trends and Strategic Insights for Today’s Market

BTCUSD faced a downtrend line rejection at $62,129.08 on the 1-hour chart. If the rejection is sustained, there is a possibility of a decline to $60,953.21. A break below $60,953.21 may result in a further drop to $59,457.43. Alternatively, if the rejection does not hold, there is a potential upward movement towards $63,054.22. A successful break above $63,054.22 could lead to an increase to $63,780.49.

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