Starting from 38,000, where will the movement evolve...

#Bitcoin/#TetherUS (#BTC/#USDT)

Current Price: 65,944.00 USDT Horizontal Support and Resistance: The price is hovering just below the 0.786 Fibonacci level at 66,239.49 USDT. Close to the resistance level at 67,918.65 USDT.
Trend Line: The upward trend line in green supports the price movement upwards.
Future Direction Prediction:

Bullish Scenario:
Price Breakout Upwards: If the price breaks above the 0.786 Fibonacci level at 66,239.49 USDT and makes an upward breakout from the consolidation zone, the upward movement is expected to continue. In this case, the first target would be 73,777.00 USDT (1.0 Fibonacci level).
Continuation of the Uptrend: If this level is surpassed, the next target could be 83,357.38 USDT (1.272 Fibonacci) and then 88,358.91 USDT (1.414 Fibonacci).

Bearish Scenario:

If the price continues to stay in the current consolidation zone, it may test the support level at 63,422.66 USDT. Below this level, the critical support to watch would be at 60,322.20 USDT (0.618 Fibonacci level).
Downward Breakout: If the price falls below the consolidation zone, a more serious correction movement may begin, targeting the 56,166.00 USDT level (0.5 Fibonacci).
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