Bitcoin (BTC/USDT) AnalysisBitcoin/Tether Perpetual ContractKUCOIN:BTCUSDT.Pcrypto_vulture_signalsThe chart shows Bitcoin consolidating below a descending trendline while testing a horizontal resistance zone around $65,000. Price has been making higher lows after the June bottom, but buyers still need to reclaim the resistance area to confirm bullish continuation. Current Structure 📈 Recovery from the June lows remains intact. 📉 BTC is still trading below short-term descending resistance. ⚖️ Price is compressing beneath $65,000, suggesting a breakout or rejection is approaching. Key Levels 🟢 Support $63,000–63,500 (immediate support) $60,000 (major support) $57,800 (key swing low) 🔴 Resistance $65,000–65,500 (horizontal resistance) Descending trendline $68,000–70,000 (next major resistance) Bullish Scenario A daily close above $65,500 and the descending trendline would confirm a bullish breakout. Upside Targets 🎯 Target 1: $68,000 🎯 Target 2: $72,000 🎯 Target 3: $78,000–80,000 Bearish Scenario If BTC is rejected from resistance and loses nearby support: Downside Levels 📉 $63,000 📉 $60,000 📉 $57,800 (major support) A breakdown below $57,800 would invalidate the current recovery and strengthen the bearish outlook. Market Outlook Bitcoin is neutral with a bullish bias as it continues to build higher lows beneath resistance. The $65,000–65,500 area is the key level to watch. A confirmed breakout could trigger the next impulsive move higher, while rejection would likely keep BTC range-bound or lead to another pullback.