Bitcoin strengthened on Friday, recently attempting to test the $64,000 level.
The coin recouped losses caused by President Trump's warning about possible escalation of strikes against Iran. Earlier this week, the price dipped to around $61,390 before buyers returned; trading volume in the past 24 hours amounted to approximately $28 billion. Bitcoin has gained more than 2% for the week.
Notably, the market was not driven by internal crypto factors: there were no significant ETF flows, no protocol-level events, and no exchange outages. Bitcoin has weathered the oil shock, the global bond market sell-off, a hawkish revision of Fed rate expectations, and two rounds of US strikes against Iran. Meanwhile, the main thing to watch is the dollar's third consecutive week of decline. If the dollar continues to weaken and the AI bet holds, the crypto market will continue to focus on the semiconductor cycle rather than blockchain developments.
Technical Picture
The structure remains bullish: the price is above the 200-period moving average ($62,723.9), the SuperTrend is green with support at $63,657, and the quotes are above the Ichimoku Cloud. However, momentum is cooling—the MACD has entered bearish territory (the line is below the signal line), and the RSI is sliding out of overbought territory, indicating profit-taking. At $64,195, the price reversed downward twice, forming a local double top.
The short-term trend is on the bulls' side, but for a new surge, the market needs a "recharge" through a correction or consolidation. Bullish factors:
* Price is above all key moving averages and the Ichimoku Cloud — the medium-term uptrend remains intact
* SuperTrend remains green with support at $63,657
* The $63,580–63,660 zone is reinforced by the overlay of the SuperTrend, 50-period moving average, and the Ichimoku base line — a strong technical support
Bearish factors:
* Double top at $64,195 — price failed to consolidate above twice
* MACD gave a bearish signal, RSI breaks out of overbought conditions — momentum is weakening
* The $64,050–64,200 zone is marked as a sellers' zone; buying at these levels risks becoming a trap
Key levels
Resistance: $64,195–64,200 (Double top and sellers' zone). Support: $63,657 (SuperTrend), $63,247 (38.2% Fibonacci), $62,954 (50% Fibonacci), $62,889.8 (maximum volume zone according to VPVR).
The $63,750–64,000 zone remains a noise range with a high probability of stops being triggered—opening positions here is not recommended.
Conclusion
Bitcoin has withstood a series of external shocks and maintains a bullish structure, but momentum is waning. The double top at $64,200 and weakening momentum warn of a possible pause. The optimal tactic is to wait for a breakout from the range: a strong close above $64,200 will open the way to $64,500 and $64,860, and a loss of SuperTrend at $63,657 will increase selling pressure towards $63,250 and $62,890.