Bitcoin is testing one of the most important levels on the chart right now.
After getting rejected near $67,000, $BTC has pulled back and is now trading just below $65,000. The market is cooling off, but the bigger trend is still waiting for confirmation.
The 50-day moving average at $63,125 is the key support to watch. As long as buyers defend this level, the bullish structure remains alive.
On the upside, $67,253 is the level that matters most. A strong daily close above it could open the door for a fresh rally, with the 200-day moving average around $72,414 becoming the next major target.
Right now, this is a battle between patience and momentum. If buyers step in and reclaim resistance, Bitcoin could be ready for its next big move. Until then, every daily candle matters.
After getting rejected near $67,000, $BTC has pulled back and is now trading just below $65,000. The market is cooling off, but the bigger trend is still waiting for confirmation.
The 50-day moving average at $63,125 is the key support to watch. As long as buyers defend this level, the bullish structure remains alive.
On the upside, $67,253 is the level that matters most. A strong daily close above it could open the door for a fresh rally, with the 200-day moving average around $72,414 becoming the next major target.
Right now, this is a battle between patience and momentum. If buyers step in and reclaim resistance, Bitcoin could be ready for its next big move. Until then, every daily candle matters.
