Bitcoin Approaches Key Trendline Resistance | Monitoring Market Bitcoin / U.S. dollarBITSTAMP:BTCUSDMrgoldtrade2BTC/USD has recovered from its recent decline but is now approaching a significant descending trendline that continues to define the broader technical structure. Recent consolidation reflects reduced momentum as price enters an important decision zone. The illustrated projection presents one possible technical scenario in which price experiences a rejection from resistance before moving toward lower support areas. As long as the descending trendline remains intact, the broader short-term structure continues to favor caution. A confirmed move above resistance would strengthen the market structure and shift attention toward higher resistance levels. Technical Levels Resistance Zone 64,600 64,800 65,200 Support Zone 63,800 62,900 61,900 Potential Price Objectives Initial objective: 63,800 Second objective: 62,900 Final objective: 61,900