Bitcoin Market Update
• Current Status:
Bitcoin has been in a consolidation phase, struggling to break previous highs for the past six months. However, it has recently formed a bullish higher low, indicating potential upward momentum.
• Key Resistance Levels:
Bitcoin is now testing the $64k-$65k resistance zone (previous high and Lower High). If this level is breached, it could signal the beginning of a sustained bullish trend.
• Market Expectations:
A slight correction or sideways movement is anticipated near this resistance zone, but once cleared, a significant breakout could follow.