Bitcoin Struggles Below Key Resistance

Bitcoin's price continues to struggle near $63,000, as repeated attempts to break above $65,000 have been unsuccessful. According to Daan Crypto Trades, these failures indicate that buyers have yet to regain momentum.

The weekly BTC/USDT chart shows Bitcoin trading near $63,000 after a failed attempt to move above $65,000. A larger resistance zone appears around $72,000 to $74,000, which has acted as both support and resistance in previous market swings.

Daan Crypto Trades is continuing to accumulate Bitcoin gradually while keeping additional capital available in case prices fall further. He does not expect Bitcoin to trade meaningfully below about $40,000 unless an unexpected market shock occurs.

EliZ, another analyst, is focusing on the support and resistance levels around $60,000-$61,000 and $65,000-$66,000 respectively. They believe that a confirmed move above or below these ranges could provide a clearer signal for Bitcoin's next directional move.