Bitcoin (BTC) Price Prediction: $65K Remains Key Resistance as 4-Year Cycle Model Signals Make-or-Break Moment
The post Bitcoin (BTC) Price Prediction: $65K Remains Key Resistance as 4-Year Cycle Model Signals Make-or-Break Moment appeared on BitcoinEthereumNews.com. The Bitcoin price today remains around $62,600-$62,900, according to TradingView data, reflecting a market that has stabilized following a sharp decline but has yet to establish a decisive trend. While short-term momentum has improved, several analysts argue that BTC still faces significant resistance overhead, with broader cycle models suggesting the coming weeks could prove pivotal. Bitcoin Price Holds Key Support While $65K Caps Upside Market analyst Daan Crypto Trades noted that Bitcoin has entered a period of consolidation after what he described as a “risk-off flush,” with price action confined between $61,300 and $64,700. BTC is consolidating between key levels near $62.9K, with a daily close above $64.7K signaling a potential relief rally, while a close below $61.3K could trigger renewed downside pressure. Source: @DaanCryp