Bitcoin (BTC/USD) is currently valued at **\$61,660**, reflecting a minor decrease of **0.01%**. The analysis of the 4-hour trading chart reveals a significant pivot point at **\$62,140**, which is essential for predicting the trend of the market, indicating a potential downtrend in Bitcoin’s value.
Looking at resistance levels, the first is observed at **\$63,440**. Should Bitcoin’s price advance, the next levels of resistance are expected at **\$64,510** and **\$65,710**. Conversely, the initial support level is positioned at **\$60,620**. If the price were to decline, it would encounter additional support at **\$59,670** and **\$58,630**.
