Bitcoin Faces $65K Resistance as Traders Await Breakout
Bitcoin is stuck in a volatile phase, struggling to break the $65,000 resistance. Despite briefly hitting $64,795 on September 25, passive selling at $65K is holding back a major breakout. Traders are eyeing liquidity between $60K and $65K, with many hoping for a surge in buying volume.
Historically, Bitcoin tends to break out after long "chop" phases, with some predicting a possible rally in October. Favorable macroeconomic conditions, like central bank easing, could also support Bitcoin's rise as key U.S. economic data is set to release soon.
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