Bitcoin tests $67,000 resistance, breakout could target $70,000
Bitcoin is maintaining its bullish pattern on the daily chart as the price tests critical resistance between $65,500 and $67,000. This technical area is seen as a pivotal level for the market’s next move, with buyers continuing to defend a series of higher lows. The digital asset currently trades above its 10-day, 20-day, and 50-day moving averages, emphasizing improved short-term momentum for buyers. Market observers point to a bullish crossover in these averages, with the 50-day moving average near $63,100 now acting as a base of support for the ongoing recovery.