Bitcoin
Short

Key Trends and Trading Signals for BTC to Go Next

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Bitcoin's price action since June has maintained a downtrend, currently consolidating between support and resistance levels in the short term. The initial resistance zone lies between $60,812 and $62,589; a decisive breakout above this range would serve as an early signal that a July rebound is underway.

Prior to that, the more likely scenario is a retest of lower levels, specifically the support zone around $55,500 to $56,700. This area also aligns with Fibonacci support levels derived from higher timeframes.

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