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Bitcoin's market behavior aligned with expectations, entering a daily correction phase and breaking through key levels with relative ease.
Currently, it finds support at the critical threshold of $65,000, coinciding with the position of the long-term upward trend line. We anticipate a high likelihood of the price rebounding towards the $68,200 level. If it breaks the last line of daily support, we could see a retraction to the weekly support range between $56,000 and $52,000. However, our analysis leans towards a recovery from this pivotal point.
Support Level: $65,000
Resistance Level: $68,200
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