Observations · Bitcoin

Observations

Bitcoin's price has been stuck between $60,500 and $71,500 since March, with four failed attempts to break through the upper limit. The next crucial support level is around $65,000, which must hold to avoid further decline. While the current range is neutral, the overall trend remains bullish, increasing the likelihood of a significant upward breakout. If the price breaks through the mid-range or holds steady, it's a good sign for buyers. However, if it drops below $65,000, it could retest the lower limit, which would be a bearish signal. Despite short-term fluctuations, the overall market trend remains bullish unless proven otherwise.

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