Bitcoin: $65,000 Resistance Blocks Upside Move

Bitcoin failed to clear the $65,000 zone and now trades at $62,936.1 while mirroring broader risk-on weakness on Friday.

Traders note the $60,000-$61,000 band remains the final line before fresh lows materialize, consistent with the pattern seen over the past six months of weekend drawdowns.

Price sits inside the Bollinger Bands with upper resistance at $65,887.54; the bearish MACD death cross at -76.05 and EMA50 at $63,697.73 together mark immediate overhead supply, while neutral RSI at 39.33 leaves room for a quick test of the $62,537.98 lower band before any rebound attempt.