Analysis: Bitcoin’s $65,300 Break Is the Key Level to Watch
Uk Jin
Summary
- Killa said $65,300 has emerged as Bitcoin’s key resistance level.
- If Bitcoin decisively reclaims $65,300, it could extend gains to $66,900.
- He added that Bitcoin has traded in the same range for the past two months, meaning a range-bound pattern may persist for now.
Forecast Trend Report by Period
Bitcoin is facing a key resistance level at $65,300.
Digital-asset analyst Killa wrote on X, formerly known as Twitter, on August 9 that Bitcoin is running into resistance at $65,300, its current weekly high. If it decisively reclaims that level, the cryptocurrency could extend gains to $66,900.
Killa added that Bitcoin has traded within the same range for the past two months, making the broader setup largely unremarkable. For now, the token may continue to move in a range.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.