Bitcoin has bounced from the $60K support level, currently trading around $65K. The market remains below the 100-day and 200-day moving averages at $69K and $72K respectively, keeping the broader weekly trend tilted to the downside. The primary resistance to watch sits at $67K; a decisive break above this level could target the next resistance zone between $72K and $74K. On the 4-hour chart, Bitcoin has broken below the lower trendline of an ascending pattern, shifting near-term momentum in favor of sellers. The aSOPR indicator is recovering toward the 1.0 neutral level, suggesting profit-taking pressure is easing and that the current rebound may be the start of a healthier recovery phase.
Source: Read the original article
