BTCUSD Retesting Broken Channel | Key Support Under Observation

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BTCUSD Retesting Broken Channel | Key Support Under ObservationBitcoin / U.S. dollarBITSTAMP:BTCUSDMrgoldtrade2Bitcoin recently moved out of a descending channel and is now consolidating between a nearby resistance zone around 64,750–64,800 and an important support area near 64,350–64,450. Price is currently trading below the descending trendline, indicating that short-term momentum remains neutral to slightly bearish. The projected path highlights one possible technical scenario where price briefly reacts from the current support before continuing toward lower levels. A decisive recovery above the resistance zone would improve the short-term technical outlook, while continued rejection may keep attention on lower support areas. Key Resistance 64,750 65,200 65,600 Key Support 64,350 64,000 63,600 Potential Technical Objectives 🎯 Target 1: 64,350 🎯 Target 2: 64,000 🎯 Target 3: 63,600 Technical Outlook: Bitcoin is trading between well-defined technical levels while interacting with previous channel resistance. Future price confirmation around these areas may help define the next short-term move.