#SummerCreationCamp


Bitcoin’s recovery for $65K as bulls focus on resisting $67K .
Bitcoin once again rose above $65,000, reclaiming a key daily resistance near $64,000, strengthening its short-term bullish structure. Holding above this level should keep the current sequence of higher lows intact, with the next major technical target near $67,000. A successful breakout there could pave the way toward the psychological $70,000 level.
The rebound is also supported by improving institutional sentiment. Spot Bitcoin exchange-traded funds recorded two consecutive weeks of net inflows after eight straight weeks of inflows, suggesting that demand has begun to return. However, the pace of inflows has slowed, meaning stronger buying is still needed to sustain a continuous bullish wave.
Despite the positive outlook on the daily timeframe, Bitcoin’s longer-term trends remain at a critical point. Bulls still need a monthly close above the long-term ascending trendline to confirm a broader trend reversal. Until then, the $64K support and $67K resistance and $70K breakout zone remain the key levels to watch.
$BTC
BTC-0.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned