Bitcoin

<p>Trading close to notable resistance levels and suggesting a possible market change, Bitcoin is trying to break out of its descending channel. At <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$65,296.47</a> during this writing, the crypto shows a 2.09% climb in the last week and a 3.00% increase during the past 24 hours. This price movement puts Bitcoin near important technical levels that might affect its future course.</p><h2 id="header-0">Descending Channel</h2><p>Daan Crypto Trades’ chart proves that Bitcoin has been trading inside a declining channel on the daily timestamp. This pattern has contained Bitcoin’s price action for a considerable period, with the cryptocurrency consistently moving between these boundaries.</p><p></p><p>Recent upward momentum has pushed <a href="https://cryptotale.org/bitcoin-nears-65000-key-resistance-amid-market-uncertainty/" rel="noopener noreferrer nofollow">Bitcoin</a> towards the channel’s upper boundary, around $65,065, suggesting an attempt to break out of this pattern. For traders, the declining channel stays a key point since any breach above or below it could affect Bitcoin&#39;s near-term direction.</p><h2 id="header-1">Criteria for Breakout Confirmation</h2><p>Per the analyst, Bitcoin has to trade well above the present resistance level if it is to confirm a breakthrough. A definite breakout would be indicated by a movement between $1,000 and $2,000, closing above the $66,000 to $67,000 level. This would indicate a very likely positive trend turn. To confirm the breakthrough, Bitcoin also has to clear the daily 200 Moving Average (MA) close to the $65,000 mark.</p><p><a href="https://cryptotale.org/btc-tests-key-resistance-of-65k-eyes-breakout-confirmation/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

BTC Tests Key Resistance of $65K, Eyes Breakout Confirmation

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