Bitcoin Tests Major Resistance—Pullback Risk Builds Below $64KBitcoin / U.S. dollarBITSTAMP:BTCUSDTrade_ActionTechnical Outlook Key Resistance: Price is trading just below a significant supply zone near 64,000, where historical selling pressure is evident. A failure to break this level could trigger profit-taking. Bullish Momentum Weakening: Although buyers remain in control, the rally is becoming extended as it reaches overhead resistance, increasing the probability of a short-term correction. Dynamic Support: The green trailing support indicator remains below price, confirming the bullish trend is still valid until support is lost. Liquidity Scenario: The projected path suggests price may sweep liquidity above the recent highs before reversing lower, a common move around major resistance. Bearish Scenario If BTC fails to secure a strong close above 64,000–64,400, sellers could regain control. An initial pullback may target the 63,300 support area. A break below that level could accelerate the decline toward the 62,400 demand zone, where buyers may look to re-enter. Bullish Scenario A decisive breakout and close above 64,400 would invalidate the bearish pullback idea. In that case, Bitcoin could continue toward fresh short-term highs as bullish momentum resumes. Key Levels Resistance: 63,950–64,400 Immediate Support: 63,300 Major Support: 62,400 Invalidation: Sustained breakout above 64,400 Conclusion Bitcoin remains short-term bullish, but price is testing a critical resistance zone where rejection is possible. Traders should watch for confirmation before chasing higher prices. A rejection from resistance could lead to a healthy retracement toward key support before the next major move.