Bitcoin Nears Important Weekly Close Amid Bullish Momentum

Bitcoin is approaching a crucial weekly close as bulls aim to break a seven-month downtrend. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin attempting to overcome a resistance level that has held firm since March’s all-time high. Bitcoin (BTC), currently trading around $67,686, has spent over six months consolidating within a downward-sloping channel, following its record high of $73,800. Despite multiple attempts to push into new price discovery, BTC/USD has remained within this range. Now, traders are hopeful that this time may be different. Analyzing the weekly chart, trader and analyst Rekt Capital noted that Bitcoin has repeatedly tested