Analysis: Bitcoin Faces Key Resistance at $65,300
Uk Jin
Summary
- Digital-asset analyst Killa said Bitcoin's key resistance level is $65,300.
- Killa said a strong move back above $65,300 could open the way for a further rise to $66,900.
- Killa added that Bitcoin has traded in the same range for the past two months and could remain range-bound for the time being.
Forecast Trend Report by Period
Bitcoin's key resistance level is $65,300.
Digital-asset analyst Killa wrote on X, formerly Twitter, on Aug. 9 that Bitcoin is meeting resistance at $65,300, its current weekly high. A strong move back above that level could open the way for a further climb to $66,900.
Still, Bitcoin has traded within the same range for the past two months, Killa added. That suggests the token could remain range-bound for now.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.