Bitcoin needs to break through the key level of $65K.
Bitcoin is expected to have a period of stable price foundation before accelerating to break through important resistance levels. According to trader Roman on X, there are many good signals for continued price increase. Price action with low volume during the adjustment has created a foundation for the increase wave to break through the $65K area.
This is a strong resistance zone containing a lot of liquidity, if broken, it will officially break the market structure, creating an uptrend. At the same time, it will create a higher-high since the August 2024 adjustment.
Coinglass data is also showing that many sell orders are placed around $64K, creating important resistance. If the buying force is enough to absorb all and BTC closes the weekly candle above $64K, this will be the trigger point for a new price increase.
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