BITCOIN Update !!
2024-11-05

The latest BTC/USDT chart update shows a significant zone marked as a "extreme zone" around the 64,000 - 65,000 level, highlighted in red.

This red-highlighted zone around 64,000 is being emphasized as a strong support level. If the price retraces to this area, BTC may find buying interest, potentially providing a solid base for a rebound.

The upper orange bar, near 72,000, represents a major resistance level. If BTC reaches this level, it may face selling pressure unless it can break above decisively.

The green arrow suggests a bullish outlook after a possible pullback to the strong support zone. This scenario implies that BTC could rebound from the 64,000 zone and make another attempt at breaking above the 72,000 resistance.

In summary, BTC appears to have a key support at 64,000, which could act as a pivot point for the next upward movement. A failure to hold this zone, however, might indicate a shift in momentum.

Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.

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@Peter_CSAdmin