Bitcoin Testing a Key Support Area | Descending Trend Still ActiBitcoin / U.S. dollarBITSTAMP:BTCUSDjimmy-trader1BTC/USD is trading within a clearly defined descending channel, where both dynamic resistance and horizontal support continue to influence price action. The latest recovery attempt stalled below the upper trendline, suggesting that bullish momentum remains limited. The illustrated projection presents one possible technical scenario in which price revisits support before continuing lower toward additional technical levels. As long as price remains below the descending resistance, sellers retain the short-term structural advantage. A sustained breakout above the channel would improve market structure and shift focus toward higher resistance zones. Technical Levels Resistance Zone 65,000 65,300 65,600 Support Zone 64,300 63,800 63,400 Potential Price Objectives Initial objective: 64,300 Second objective: 63,800 Final objective: 63,400