BTC TECHNICAL ANALYSIS 28/9
Bitcoin formed an outside bar pattern on September 26 and rose above the $65,000 resistance, suggesting that the bulls have overpowered the bears.
If the price sustains above $65,000, it will signal that the bulls have flipped this level into support. That could push the price to the $70,000 to $73,777 zone, where the bulls are likely to face strong selling pressure.
A break and close below $65,000 would indicate that the bullish momentum is weakening. The advantage would tilt in favor of the bears if they drag the pair below $61,200. Such a move would suggest that the breakout above $65,000 could be a bull trap.
