Bitcoin witnessed volatile trading during its recent intraday movements, amid the continued consolidation of the stubborn resistance level at $65,000. The price is attempting to gain positive momentum that could help it breach this resistance and resume its gains in the near term, while continuing to benefit from positive technical support as it trades above EMA50.
Meanwhile, the moving average provides a dynamic support base that reinforces the continued dominance of the main short-term bullish trend and keeps the chances of further recovery intact, despite the volatility currently controlling the price movements.
