Bitcoin Short-Term Price Prediction
The $$BTC /$USD pair is currently trading near the crucial pivot point at $65,000, which has proven to be a key battleground, with several doji and bullish tail candles forming, indicating that uncertainty is dominating traders.
On the 4-hour chart, the RSI reading is 62, indicating that the price remains in an overbought zone, which could help to temporarily halt its upward trajectory. The nearest resistance level is at $65,000, with additional resistance levels at $66,782, $68,174, and $69,994; if the price manages to break these levels, it could continue its upward trajectory and reach higher levels.