Bitcoin’s current trading value against the US dollar is $60,740, showing a small decrease of approximately 0.10%. When analyzing the 4-hour chart, it becomes apparent that the pivot point is established at $61,320, indicating a pessimistic outlook for Bitcoin’s future price.
In terms of resistance levels, Bitcoin is expected to face hurdles at $61,320, $62,510, and $63,440. Conversely, if the price experiences a decline, immediate support levels can be found at $60,620, $59,670, and $58,630.
