Bitcoin's price action has recently settled into a well-defined range, with the current price standing at $61,400. Previously, BTC faced resistance near the $71,500 mark and established support around $60,600. It's evident that Bitcoin's range is established between $60,600 and $71,500.
For altcoins to see upward movement, Bitcoin must maintain this range without breaking out or breaking down. The $60,600 support level is crucial, as a breach could lead to Bitcoin losing the range and testing lower supports around $49,700.
The ideal scenario for Bitcoin's price action is to remain within this range until it can surpass the $71,500 resistance and reach...
