Bitcoin Holds Firm Above $65,400 as Buyers Target $66,000 Resistance

Bitcoin's price has stabilized above $65,400 after a recent rebound, indicating steady demand from buyers. The cryptocurrency's market cap remains above $1.3 trillion, while daily trading volume is above $23 billion.

The 5-minute BTC/USD Bitstamp chart shows a sharp decline toward the $64,600-$64,700 area before buyers stepped in to absorb selling pressure. This reaction suggests that strong demand exists near major support levels.

The next resistance zone for Bitcoin lies between $65,800 and $66,000, with a major technical test waiting near $66,500. A move above this point could push the price toward $66,200-$66,500.