Bitcoin Price Analysis: BTC Bulls Target $66K–$68KBitcoin / U.S. dollarBITSTAMP:BTCUSDforexinworldBitcoin (BTC) is trading around $65,263 on the 4-hour timeframe, showing signs of renewed bullish momentum after successfully defending key support levels. The latest TradingView chart indicates that BTC continues to respect an ascending channel, keeping the overall short-term trend positive. BTC Technical Analysis The chart highlights that Bitcoin has bounced from the lower boundary of the rising channel and is now attempting another move higher. Key Support Levels $64,300 – Immediate support $63,800 – Strong trendline support $62,000 – Major support zone As long as BTC remains above these levels, buyers remain in control. Resistance Levels $66,000 – First major resistance $66,800–$67,200 – Upper channel resistance $68,000 – Bullish breakout target A successful close above $66,000 could trigger fresh buying pressure and open the door for a rally toward $68,000. Trading Outlook The 9-period Simple Moving Average (SMA) is beginning to turn upward, supporting the possibility of continued bullish momentum. Bullish Scenario: Hold above $64.3K Break above $66K Target $67K–$68K Bearish Scenario: If Bitcoin fails to hold above the lower channel support, the price could revisit $63.8K or even $62K before finding fresh demand. Conclusion Bitcoin continues to trade within a healthy ascending channel, suggesting that the broader trend remains bullish. Traders should closely monitor the $66,000 resistance level, as a confirmed breakout could lead to the next leg higher toward $68,000. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research before making trading decisions.