Bitcoin Update: Failed Retest at $65,650 – Support Broken 📉🚨
From our previous post, after bouncing off the rising support trend line we highlighted, Bitcoin broke support tested next support at $63,750 then climbed all the way back up and retested that key flipped resistance zone around $65,650. 🔄
Price rejected hard at that level (failed to break above ~$65,650) and the old support trend line flipped into resistance. From there we saw a sharp drop that sliced straight through the $63,750 support. 💥
We’re now trading below that $63,750 level. Next supports sit around $62,800, with further levels marked lower on the chart if sellers stay in control. 👀
Ever since the original support trend line broke, Bitcoin has struggled to reclaim and hold above these key zones.
The big question right now:
➡️ Will price attempt a reclaim back above $63,750 resistance?
➡️ Or do we continue lower toward the next supports?
What’s your take — bounce coming or more downside? Drop your thoughts below 👇
$BTC
From our previous post, after bouncing off the rising support trend line we highlighted, Bitcoin broke support tested next support at $63,750 then climbed all the way back up and retested that key flipped resistance zone around $65,650. 🔄
Price rejected hard at that level (failed to break above ~$65,650) and the old support trend line flipped into resistance. From there we saw a sharp drop that sliced straight through the $63,750 support. 💥
We’re now trading below that $63,750 level. Next supports sit around $62,800, with further levels marked lower on the chart if sellers stay in control. 👀
Ever since the original support trend line broke, Bitcoin has struggled to reclaim and hold above these key zones.
The big question right now:
➡️ Will price attempt a reclaim back above $63,750 resistance?
➡️ Or do we continue lower toward the next supports?
What’s your take — bounce coming or more downside? Drop your thoughts below 👇
$BTC