Analysis: Bitcoin Faces Key Resistance at $65,000, Breakout Could Lead to Strong Rally
Gold Finance reported that on September 20, Bitcoin's price hit a three-week high of $64,121, and traders generally believe that $65,000 is a significant resistance level for Bitcoin. Market analysis indicates that breaking through this price level would signal a breakthrough in the bullish market structure and could potentially drive further gains. Trader Daan Crypto Trades emphasized the liquidity importance of $65,000, while other analysts also noted that the current market is showing signs of continued upward momentum. Additionally, although Coinbase's Bitcoin premium is negative, the strong buying pressure from Binance provides support for prices, indicating that global demand for Bitcoin is expanding.