BTCUSD Faces Resistance | Bears Aim for Lower Support
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin is struggling to break above a key resistance zone after a recent recovery. The current price action suggests weakening bullish momentum, with sellers attempting to regain control. As long as price remains below resistance, a move toward lower support levels remains the preferred scenario.
🎯 Targets:
Target 1: 62,400
Target 2: 61,900
Target 3: 61,300
❌ Invalidation: A sustained move above 63,500 would weaken the bearish outlook.