Bitcoin (CRYPTO: BTC) is approaching a critical technical resistance that could determine whether its extends its recovery toward $78,000 or retreats deeper.
Multiple Resistance Levels
In a detailed X post on Aug. 10, crypto analyst Doctor Profit identified $65,400 as Bitcoin’s immediate resistance. He noted that BTC has repeatedly moved above the level in recent weeks only to suffer fake outs.
The trader stressed that merely producing an intraday candle or wick above $65,400 wouldn’t constitute a meaningful breakout.
Instead, he wants to see multiple weekly closes above the resistance to confirm the move.
