Bitcoin Struggles Below $65,500 Resistance:
- Recent days have seen Bitcoin’s price unable to breach the $65,500 resistance level, signaling a downward trajectory. Downward Correction Indicates Pressure:
- The cryptocurrency dipped below $63,500, igniting investor concerns about further declines. Technical Analysis of BTC/USD Pair:
- Analysis on the hourly chart reveals a break below the $63,700 support level, suggesting potential retests of the $60,000 support zone. Challenges in Surpassing $65,500 Resistance:
- Despite climbing above $64,500, Bitcoin faces hurdles in surpassing the critical $65,500 resistance area. Future Outlook and Key Resistance Levels:
- Key resistance levels lie at $64,000, $65,000, and the critical $65,500 mark, with potential for further upward momentum if breached.
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