Bitcoin Approaches Critical Resistance Zone of $65,400

Bitcoin is approaching a critical resistance zone near $65,400 while holding above its weekly 200-day moving average around $63,800.

Analysts warn that a brief push above $65,400 could trigger a pullback to support between $62,800 and $63,300, but a sustained break above $68,400-$70,000 would confirm a stronger bullish trend.

The market is currently in a tight range, with the weekly 200MA acting as key support and resistance clustering near $70,000.