📈 Bitcoin (BTC) is playing hard to get, teasing us with a potential recovery from its June blues. But, hold your horses! Onchain data suggests a $65,000 resistance level might play spoilsport. 😅

BTC is currently trading at $62,288, down 0.5% in the last 24 hours and 8.6% over the last 30 days. But hey, every cloud has a silver lining! BTC has a history of bouncing back in July after a gloomy June, with an average return of 7.98%.

However, the road to recovery might be bumpy with sell-side pressure from the $65,000 level. Short-term holders could attempt to exit the market at a loss or breakeven, adding to the selling pressure.

But, Thomas Fahrer, founder of Apollo, remains optimistic about BTC's ability to rise above $65,000.

What do you think? Will BTC overcome the $65,000 hurdle or will it be a case of 'so near yet so far'? Comment below! 👇

Remember folks, don't short Bitcoin! 😉