On the daily chart for $BTC , a descending channel can be seen that has guided the price for several months, with lower highs and lows. Currently, the price is close to the upper limit of the channel, indicating a possible resistance around $64,000.

If the price manages to break this resistance strongly and exit the channel, it could signal a change in trend to the upside. Confirmation of this movement would be supported by an increase in volume and a daily close above the channel, which could lead Bitcoin to seek new targets around $70,000.

However, if the price fails to break this area, it could experience a correction towards the channel support. These key levels should be kept an eye on to confirm whether the breakout will be bullish or whether the channel will remain in effect.