According to the depicted graph, there is a significant presence of asks at three price points, namely $66,000, $67,900, and $70,000. However, from a sentiment perspective, the key milestone to achieve would be reclaiming the 200-MA ($64,000) as a reliable support level and surpassing the resistance within the trading channel. This accomplishment would be regarded as a positive development, granting the bulls the chance to break the recurring trend of lower highs. To achieve this, it is crucial for the weekly candle to close above $65,000 by September 29th.
Will Bitcoin Bulls Reach 66K or Fall Short