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Analyst: If BTC breaks through the key resistance level of $64,700, it may rise to $68,000
If Bitcoin fails to break above the top of the channel at $64,700, it may trigger a deeper pullback. If sellers hold that level, Bitcoin may fall back to the channel’s mid support at $63,000 and could further test the channel bottom at around $61,500.
However, Ali Charts said that if Bitcoin can achieve an hourly close above $64,700, it would invalidate the bearish outlook. After breaking through this resistance level, Bitcoin may further move up to $66,400, with the second target at $68,000.