$BTC has been consolidating, which can often be a healthy sign after a strong run. Currently, we're seeing it test crucial support zones.
If bulls can defend the $65,000 - $66,000 area, we could see a push back towards $70,000. A break and hold above that could signal renewed momentum towards new all-time highs.
However, a strong move below the $64,000 level might indicate further downside pressure, potentially re-testing $62,000 or lower.
Keep an eye on volume as well! Higher volume on upswings and lower volume on downswings would support a bullish bias.
What do you think? Bull or bear in the short term? Let me know your thoughts!
