Bitcoin ($BTC) is currently trading around a major decision zone, making this a potential make-or-break area for its next directional move. 📊
Price is now testing the blue resistance zone, located roughly between $65,000 and $67,000, while also trading within the short-term rising blue channel.
📌 If BTC manages to break and close above the $65K–$67K resistance, bullish momentum would likely strengthen, opening the door for a move toward the red supply zone around $72K–$74K.
On the other hand, if the rising blue channel is broken to the downside, it would signal that buyers are losing momentum, increasing the probability of a fresh bearish impulse toward the major support zone around $58K–$60K.
As always, rather than anticipating the breakout in either direction, we will wait for price confirmation before considering any positions.
Will buyers reclaim the resistance, or will sellers take control once again? 🤔
Price is now testing the blue resistance zone, located roughly between $65,000 and $67,000, while also trading within the short-term rising blue channel.
📌 If BTC manages to break and close above the $65K–$67K resistance, bullish momentum would likely strengthen, opening the door for a move toward the red supply zone around $72K–$74K.
On the other hand, if the rising blue channel is broken to the downside, it would signal that buyers are losing momentum, increasing the probability of a fresh bearish impulse toward the major support zone around $58K–$60K.
As always, rather than anticipating the breakout in either direction, we will wait for price confirmation before considering any positions.
Will buyers reclaim the resistance, or will sellers take control once again? 🤔