BTCUSDT Poised for a Bullish Breakout
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Based on the technical chart and current economic sentiment, BTCUSDT is showing signs of breaking out from its downward channel. After a strong rebound from the recent low of 66,400 USD, Bitcoin is now trading around 67,275 USD, signaling a clear bullish outlook.
The key support level at 66,798 USD highlights strong buying pressure. The next target for the upward move could be 69,047 USD. This recovery is further supported by a weakening USD and investor optimism, with positive economic data expected to drive further stability.
The key support level at 66,798 USD highlights strong buying pressure. The next target for the upward move could be 69,047 USD. This recovery is further supported by a weakening USD and investor optimism, with positive economic data expected to drive further stability.
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