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Bitcoin Price Prediction: BTC Tests $65K Trendline as $52K Worst-Case Looms
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August']
Coinpaper
is testing a months-long descending resistance line near $64,000-$65,000 after two earlier rejections, putting the next daily close in focus.
Bitcoin Daily Chart.
Source:The daily chart shared by Ali Charts shows Bitcoin approaching the same downward-sloping trendline that capped two earlier recovery attempts.
Bitcoin Weekly.
From there, the projected candles show a recovery toward the next major resistance zone around $80,000-$83,000.