Bitcoin Price Struggles Below $65K as Sellers Defend Resistance

Bitcoin's price remains vulnerable to downward pressure as it continues to trade below the $65,000 resistance level.

According to Daan Crypto Trades, Bitcoin has repeatedly failed to break above this area, and the current range is seen as an accumulation zone.

The setup suggests that sellers retain control below nearby resistance, with a clean break under $61,000 potentially exposing liquidity below the high-$57,000 region.

A two-day volatility squeeze has narrowed around Bitcoin, which some analysts believe could precede a larger directional move. However, others caution that this compression does not guarantee a specific direction.