BTCUSD BTCUSD BTCUSD Bitcoin faces strong support in the vicinity of $66,400 to $67,500, and recent price action has tended to stabilize within this zone. Should this support level be breached, the $64,600 to $63,300 area would come into play. Furthermore, the $64,400 to $65,200 range constitutes a significant structural support zone. A breakdown below $65,000 would likely trigger an accelerated sell-off, potentially leading to a further decline toward the $63,000 to $60,000 range.On the upside, resistance lies between $70,800 and $72,500; notably, this zone serves as a critical decision point.
If Bitcoin breaks above $70,500, it could test the $72,000 level and extend its gains toward $75,000. However, if the price encounters resistance around the $70,500 to $71,300 area, it is highly likely to remain range-bound within its current trading range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.