Bitcoin Pushes Above $65K But What Does Technical Analysis Say?

As Bitcoin (CRYPTO: BTC) marked its comeback above the $65,000 mark, technical analysts debate the chances of a brief dip before a resumption of the uptrend.

What Happened: Pseudonymous analyst Emperor noted that Bitcoin has crossed the $65,000 mark and anticipates prices may stall temporarily due to the presence of the all-time high volume-weighted average price (VWAP), represented by a red line on the chart.

Bitcoin Price Update

1. We have breached the $65,000 level as expected. Equal highs on some exchanges, not on Binance. Expected pump. Expect price to stall here, it is natural given that is also where the ATH VWAP is (red line).

2. August High is the …

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