As seen in the chart, #BTC made an attempt at the upper boundary of the descending channel formation. This level coincides with previous peaks within the channel and marks a critical breakout point. If Bitcoin successfully breaks above this resistance and holds, it could test levels around $74,000 and beyond. However, if this resistance is not broken, a pullback may occur, and the area around $60,000 stands out as a strong support zone. #MemeCoinTrending
The volume at the resistance level will play a key role in determining whether a breakout or rejection will occur. #moonbix
