BTC Technical Analysis
Bitcoin is struggling to break above the $65,000 resistance level, but a positive sign for the bulls is that they have not given up ground to the bears yet.
The 20-day EMA ($61,353) has started to turn up and the RSI is holding in the positive territory, suggesting that the bulls have the upper hand. If the BTC/USDT pair rebounds from the 20-day EMA, the chances of a rally to $70,000 increase. The bears are expected to mount a strong defense in the $70,000 to $73,777 zone.
On the downside, a break and close below the moving average could open the doors for a drop to $55,724, where buyers are likely to step in.
