Bitcoin price recently rallied above the $64,500 resistance level and is now consolidating. The price may struggle to surpass the $66,400 resistance. However, it is currently trading above $65,000 and the 100 hourly Simple moving average, indicating a positive trend. There is a short-term bullish trend line forming with support at $65,400. On the upside, the price could face resistance at $66,000 and $66,400, but a clear move above these levels may initiate further gains. If the price fails to rise above the $66,400 resistance, it could start a decline with support at $65,400 and the trend line. The first major support is near $64,250, followed by $63,500 and $62,500. Technical indicators such as MACD and RSI suggest a bullish momentum.



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