Bitcoin Tests Critical Resistance at $65K as Downtrend Weighs

Bitcoin is currently testing its descending resistance line near $64,000-$65,000 for the third time, as per a chart shared by Ali Charts. The trendline has been in place since late 2025 and has previously rejected price twice.

The daily chart shows that each approach to this level has ended with sellers regaining control rather than Bitcoin establishing a sustained breakout. A third rejection would keep the bearish structure intact, while buyers need to defend the July lows if they want to prevent deeper losses.

On the other hand, for Bitcoin to break above the descending trendline and hold above it on the daily chart would provide stronger confirmation that selling pressure along the trendline is weakening. This would be a significant development, as it would weaken the existing downtrend.