Bitcoin rallies to test key resistance Bitcoin / US DollarCOINBASE:BTCUSDFOREXcomBitcoin has had its largest 1-day rally since March today, rising alongside other zero yielding assets like gold and silver. It has climbed an 11-week high near $69.0K - $75.5K resistance area after the US Treasury's bond buyback announcement took everyone by surprise. Now, Bitcoin is testing a massive area of resistance inside this $69.0K-$70.5K range. Here, the 200-day average meets the old all-time high from November 2021, and prior support. Can we see the selling resume here? We have seen similar episodes of sharp moves, only for the selling to then resume. Key support is the origin point of the breakout around the $64.9K to $65.4K range. By Fawad Razaqzada, market analyst with FOREX.com