Bitcoin is trading around $65K after recovering from late-June lows, but the rebound lacks strong bullish momentum. The price is approaching the $65.8K-$66.8K resistance zone, reinforced by a descending trendline from above. On the 4-hour chart, BTC is struggling to reclaim the $64.8K-$65.4K resistance area. The realized prices of 1-3 month and 3-6 month holder cohorts at approximately $67K and $72K respectively represent additional overhead resistance levels. Macro uncertainty, including US-Iran tensions and upcoming US inflation data, is keeping market participants cautious.
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