$65K Key for Bitcoin Trend Shift Say Traders

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Bitcoin’s trend change decision awaits at $65,000 where short-term traders breakeven and leveraged shorts risk a major washout.

Bitcoin price seeks to recover from its June losses, but onchain data suggests that BTC may run into resistance around the $65,000 level.

Data from Cointelegraph Markets Pro and TradingView showed BTC trading at $62,288, down 0.5% over the last 24 hours and 8.6% over the last 30 days. This follows an extended downtrend in June that reversed all the gains made in May.

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