Bitcoin is currently trading near a short-term pullback after rejecting the highlighted resistance area around 63,500–63,550. The recent decline appears to be testing an ascending trendline that has previously supported price.

If buyers defend this trendline, price may attempt another move toward the recent resistance. A successful break above that zone could increase the probability of further upside.

Technical View

Trend: Short-term bullish structure remains valid while trendline support holds.
Key Support: 62,800 – 62,900
Major Support: 62,200 – 62,300
First Resistance: 63,500 – 63,550
Higher Resistance: 64,300 – 64,500
Scenario
Watching for bullish confirmation around trendline support.
A move above 63,550 could open the way toward higher resistance levels.
Failure to hold above support may lead to additional consolidation before the next directional move.
Possible Targets

🎯 Target 1: 63,500

🎯 Target 2: 64,000

🎯 Target 3: 64,400

🎯 Extended Target: 64,700