On the monthly chart, $BTC shows strong bullish momentum, particularly after breaking out of key resistance levels. It's currently trending higher, with long-term indicators like the moving averages still pointing upward, which reinforces the broader bullish trend.
The monthly candle has remained strong with minimal pullbacks, and it's near critical levels of resistance that could determine the next major move. A close above the $65k range could indicate more upside potential, while failure to maintain above this zone could suggest a potential consolidation phase or short-term correction.
Key support levels to watch on the monthly chart would be around the $60k mark, with resistance around $66kâ$70k if the momentum continues.
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