There was a clear break above the $65,000 resistance and the 100 hourly simple moving average.
Besides, there was a break above a key bearish trend line with resistance near $65,000 on the hourly chart of the BTC/USD pair.
It is close to the 61.8% Fib retracement level of the main decline from the $68,762 swing high to $62,300 low.
A clear break above $66,350 resistance may possibly call open the doors for a fresh increase.
If bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction.
The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone.
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