Bitcoin's Next Big Test: Can a Break Above $64,658?Bitcoin / US DollarCOINBASE:BTCUSDAbirstockBitcoin has gained approximately 10% so far in July, reflecting strong short-term bullish momentum. However, the next major challenge lies at the $64,658 resistance level. Based on the current price action, the probability of a breakout above this resistance appears relatively high, making a bullish breakout candle a likely scenario. If Bitcoin successfully breaks and holds above $64,658, it could pave the way for a stronger upward trend in the coming sessions. Technical indicators also support the bullish outlook. The MACD, a widely followed momentum indicator, has generated a bullish signal, suggesting that buying momentum is strengthening. In addition, long-term Bitcoin holders have resumed accumulating the cryptocurrency, a sign that investor confidence is improving and long-term demand remains intact.