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.