đŁ Attention crypto enthusiasts! Bitcoin (BTC) is looking to recover from June losses, but on-chain data suggests it may encounter resistance at the $65,000 level. Despite the bearish trend in June, data from Coinglass indicates that Bitcoin tends to rebound strongly in July. However, selling pressure at the $65,000 level could dampen any recovery attempts this month. đź
Analysts at Blockware Intelligence warn of resistance at the ~$65,000 level, as short-term market speculators could look to exit their positions to a âbreakevenâ level. Do you think Bitcoin will overcome the $65,000 resistance? Comment below! đŹ
On the other hand, Thomas Fahrer, founder of crypto company Apollo, is more optimistic about Bitcoin's ability to surpass $65,000. â$940M of#Bitcoinshorts will be liquidated at 65K,â he declared. Do you agree with his prediction? Let's talk about it in the comments! đ