Bitcoin reaches technical resistance at 65,500 dollars

The price of Bitcoin is encountering a resistance level of approximately 65,500 dollars. According to Bitcoin News, this is due to the declining trading volume on the daily chart, after the cryptocurrency recovered from mid-July.

Technical resistance means that sellers may become active at this price, which could make further increases more difficult. The lower volume suggests, according to the source, fewer market participants willing to trade at this level.

Whether the price will break through or decline depends on new impulses in the market. For now, it remains unclear which direction the coin will take, according to the report.

This report is a summary based on the mentioned source and is not medical advice. In case of complaints, always consult a doctor or pharmacist.