Bitcoin Update: Bounce Confirmed – Now Testing Flipped Resistance 🔄📊
Yesterday we watched that key support at ~$65,650 closely… and as expected, once price closed below it, we saw a clean drop all the way down toward the rising support trend line we highlighted around $64,500–$64,700.
Price only briefly touched that lower trend line, then bounced off it very nicely 💪 and has now climbed all the way back up to retest the same level — which has now flipped into resistance at around $65,650.
We’re currently sitting right at this critical zone again.
It’s going to be interesting to see how today’s daily candle closes:
➡️ Can we push back above this resistance and aim for the upper trend line near $67,000?
➡️ Or will we reject here and drop back below the rising support trend line now sitting around $64,700?
What’s your take? Bullish breakout or another rejection? Drop your thoughts below 👇
$BTC
Yesterday we watched that key support at ~$65,650 closely… and as expected, once price closed below it, we saw a clean drop all the way down toward the rising support trend line we highlighted around $64,500–$64,700.
Price only briefly touched that lower trend line, then bounced off it very nicely 💪 and has now climbed all the way back up to retest the same level — which has now flipped into resistance at around $65,650.
We’re currently sitting right at this critical zone again.
It’s going to be interesting to see how today’s daily candle closes:
➡️ Can we push back above this resistance and aim for the upper trend line near $67,000?
➡️ Or will we reject here and drop back below the rising support trend line now sitting around $64,700?
What’s your take? Bullish breakout or another rejection? Drop your thoughts below 👇
$BTC