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Bitcoin Price Outlook: BTC Needs Break Above Key Resistance Zone to Validate Sustained Rally
Bitcoin's price is attempting to stabilize above the $60,000 support after a sharp correction, yet it still trades below the 100-day and 200-day moving averages and a descending trendline. BTC has rebounded toward $68,000 within a rising channel, facing resistance between $72,000 and $80,000 while on-chain NUPL hovers near 0.20, indicating a major reset in unrealized profits. A decisive move above the upper channel and higher resistance zones is required to signal a more durable bullish phase rather than a short-lived recovery.