3 min readBITCOIN (BTC/USD):
As I mentioned in my previous article, I expected this support level, which aligned perfectly with the key psychological threshold of $60,000, to hold—and it did so flawlessly. While last week didn’t bring much momentum to the cryptocurrency market, we began to notice a shift in sentiment and an increase in volatility starting late Friday afternoon and continuing into the weekend.
Taking a closer look at the technicals, it’s evident that there are some internal resistance levels to watch as the price moves upward. The first is the descending trend line, which aligns well with the resistance zone around $66,000. At the moment, the RSI indicator shows no signs that the current price action is slowing down or entering “overbought” territory.
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