Bitcoin Bulls and Bears Clash Over Key Resistance Zone

Bitcoin's daily C-wave rebound continues as it attempts to break through key resistance levels. The price started from its low of $62,268 and is now facing a crucial test at the $65,700-$67,300 zone.

HYPE has found support at the confluence of the long-term ascending trendline, the lower boundary of the descending channel, and the $50-$52 triple support zone. The asset's daily-level rebound signals have emerged, but it remains to be seen whether it can hold its ground and challenge the upper boundary of the descending channel.

According to analysts, the primary target for Bitcoin's current wave c rebound is the $67,300 resistance zone. If an effective breakout occurs, the next target would be the $69,500-$71,000 zone.