Bitcoin Now Fighting For Month-Old Resistance Line: Huge Move Coming-Up? (BTC Price Analysis)

On the first day of the month of June, the primary cryptocurrency recorded a 3-month high after touching the $10,500 resistance mark. All that time, there is the month-old descending trend-line (since the $10K May-7 high) that Bitcoin cannot breach on the daily (with a full body candle above the line).

The first major area of resistance now lies at the mentioned descending trend-line, currently around $9650. In case Bitcoin can break above, then the first 5-digit resistance lies around $10,200, followed by the 2020 high around $10,500.

Timeline of Bitcoin