Bitcoin is attempting to break free from a downward parallel channel that has constrained it for several months. The cryptocurrency's price surged by 3.58% within the last 24 hours, reaching a peak of $64,280.
Despite this upward momentum, Bitcoin encountered resistance, halting its rise. The growing tension in the market raises the question of whether Bitcoin can reach the significant milestone of $67,000.
Alternatively, there is speculation that the price might fall back to $62,000 if the resistance persists and price pressures intensify.
