#Bitcoin has demonstrated significant strength following its rebound from the $62.3k level, which served as the previous week's low. This movement suggests the formation of a potential double bottom. However, it is important to note that $BTC currently faces a substantial resistance level on the 4-hour timeframe. As of now, there has been no confirmation of acceptance above the $64k mark, which represents Monday's high. Additionally, we are observing multiple rejections within the ongoing 4-hour downtrend that has persisted for two weeks.

It is crucial to monitor for a 4-hour close above these key levels today, as such a development could catalyze a movement towards the $65k and $65.8k targets.

For reference, the Monday trading range this week is established between $62.6k and $64k.

#BTC Price Analysis# #Crypto# #Crypto