Bitcoin: Moment of truth Bitcoin / U.S. dollarBITSTAMP:BTCUSDFOREXcomBTC has been on sale at the start of the new month and quarter after ending a two-month winning run in May. $71K is the trend line connecting the prior lows. That level will be key in determining whether the cryptocurrency can stage another recovery here, or breaks down and head to mid- or high-$60K range. If we see a bounce, I would only interpret that as a bullish development if BTC goes on to break above above the 73.8K to 74.2K resistance zone. Bullish if we get above there. By Fawad Razaqzada, market analyst with FOREX.com