$BTC has seen three consecutive weekly green candles, closing at $65,619. This close above the $65,000 range appears quite bullish.
However, BTC recently dropped below the $65,000 support level, anticipated after a significant pump over the past three weeks, making a pullback likely.
Additionally, BTCUSDT has broken out of a parallel channel following the weekly close. Currently, BTC trades above the 50 MA in the 4-hour time frame.
Bearish momentum may be expected this week unless it reclaims the $65,000 mark. BTC could retrace to these support levels before rallying towards $67,000.
A small correction may be needed for BTC to break above $67,000 again.
Key Price Levels:
Resistance: $65,000
1st Support: $62,559
2nd Support: $60,863
