Bitcoin (BTC/USD)’s  pivot point stands at $64,850, the cryptocurrency exhibits potential for further ascension if it can sustain this level.

Technical analysis points to immediate resistance at $66,910, with subsequent barriers at $69,232 and $71,425.

Should Bitcoin falter, it faces downward pressure towards support levels at $63,045, $61,387, and $59,686, which could stabilize declines or trigger a sharper sell-off.

The Relative Strength Index (RSI) stands at 56, suggesting moderate buying activity, while the 50-Day Exponential Moving Average (EMA) at $64,682 provides near support, reinforcing the bullish scenario above the pivot point but cautioning of potential declines if this threshold is breached.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.