Bitcoin's Make-or-Break Moment at $65,400: Can It Break the Old Man's Punch?

Bitcoin is facing a critical test at $65,400 as traders watch whether it can finally break through a resistance level that has repeatedly produced fakeouts.

Doctor Profit has described this setup as the 'Old Man's Punch,' and the outcome could determine its next major move. The current area has seen significant selling in recent weeks, but if BTC breaks above $65,400 with several weekly closes, it would break the second major resistance zone of the current bear market.

The next important levels are around $77,000-$78,000 and $83,000. According to Doctor Profit, there has been a shift in market psychology as the biggest fear now sits with stablecoin holders. He divides the current risk into two groups: one seeking a few percentage points of improvement in its entry, while the other is positioned for the next cycle.