The trend looks strong as Bitcoin’s short-term exponential moving averages have crossed positively.

If Bitcoin avoids a pullback and quickly breaks above 65,000, it could challenge the key 70,000 resistance area, a critical level for reversing the downward trend since March.

A breakout of the descending channel and a move towards 70,000 would mark the end of the lower high formation and push Bitcoin to new highs.

On the other hand, a failure to sustain the 63,600 resistance and a break below 61,000 could result in a bearish scenario with Bitcoin falling back to around 58,300. #币安上线CATI #DODO助力Meme发行 #加密市场反弹 #特朗普首次使用BTC #美联储宣布降息50个基点 $BTC $ETH