BTC Stalls at $65,400: Can a Breakout Unlock $77,000?

BTC is nearing a critical resistance level at $65,400, according to crypto analyst Doctor Profit. In an X post on Aug. 10, he identified this level as immediate resistance for Bitcoin.

The trader noted that BTC has repeatedly moved above the level in recent weeks only to suffer fake outs. He emphasized that merely producing an intraday candle or wick above $65,400 wouldn't constitute a meaningful breakout.

To confirm the move, Doctor Profit wants to see multiple weekly closes above the resistance. A confirmed move would represent a break of what he considers the second major resistance zone of the current Bitcoin bear market.