Ansem: BTC is Testing a Key Weekly Resistance Level; If It Holds, Could Retest $72,000
well-known trader Ansem posted on X: "Bitcoin is at a pretty significant point right now, retesting the key weekly resistance level around $65,000 - $66,000. I'm not looking to go long here at the moment because I think there are other better long candidates, but if Bitcoin can close its weekly (or daily) candle above this resistance, it will likely retest $72,000 next — I'm personally leaning towards this scenario. If I'm wrong and we see the price weaken and break below $63,800, then I will turn bearish, and it could potentially retest $60,000. If the market actually gives an opportunity (for example, a stop loss/failure point above a low-timeframe consolidation zone before the breakdown), I will take that short. The Fed's FOMC meeting at 2:30 PM today (early tomorrow morning Beijing time) could influence the next direction."