Analyst: Bitcoin could rise to $68,000 if it breaks through the key resistance level of $64,700.
2026.07.12 14:33:46
Crypto analyst Ali Charts noted in a post that Bitcoin is currently at a critical juncture for its next major move, with the $64,700 level serving as the key threshold to watch. If Bitcoin fails to break above the channel’s top at $64,700, it could trigger a deeper pullback. Should sellers hold that level, Bitcoin may dip to the channel’s mid-support at $63,000 and could further test the channel’s bottom around $61,500. However, Ali Charts added that a Bitcoin hourly close above $64,700 would invalidate the bearish outlook. After breaking through this resistance, Bitcoin could next target $66,400, with its second target set at $68,000.
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