Bitcoin challenges range resistance, breakout ahead?

BTCUSD tests 65,000 range resistance! RSI & MACD back bullish bias. Break above 65,243 targets 66,625 & 67,271. Risk: Slip below 64,000 triggers pullback.
XM Group | 24 days ago

Overview: BTCUSD has rebounded from support near 62,500 and is testing the upper bound of its recent trading range around 65,000. The price remains above all three key moving averages, suggesting buyers are attempting to regain control after a period of consolidation.

Momentum The RSI and MACD remain in positive territory, supporting the mildly bullish bias.

Bullish scenario: A decisive break above 65,243 could clear the way towards the July peak at 66,625, potentially exposing 67,271 thereafter.

Risk: Failure to overcome the immediate resistance of 65,000  could trigger renewed consolidation, particularly if the price slips back below the 64,000 psychological level.

XM Group
Type: Market Maker
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