BTC on the tightrope: ¿$50K or $73K? The volume will have the final say.

The million-dollar question: Bitcoin is at $65,642 trapped in a descending channel, and the charts don't lie—we are on the verge of a major breakout.

What happens now?

BTC has been bouncing between two invisible lines like a ping-pong ball. The upper limit of the channel is at $66,260—just $600 above the current price. The lower limit, distant yet threatening, is at $50,000. Basically, the market is waiting to see who wins: the bulls or the bears.

The scenario that scares

If BTC does not break above $66,260, the bears will take control. First, it would fall to the intermediate supports—the MA(5) at $60,104 and the MA(50) at $55,426 won't stop it—and then a strong drop towards $50,000 would come. Historically, when descending channels fail to break upwards, the price tests the lower trend line brutally. A drop below $50K would open the door to a deeper correction.

The scenario that excites

Now, if BTC manages to break above $66,260 with volume, everything changes. Goodbye descending channel, hello trend reversal. The next target would be $73,777—a rise of almost $8K from here. If that happens, we would be talking about a confirmed bullish breakout.

The key indicator

Volume is the referee. Currently, it stands at 602.95 million, indicating interest but without total conviction. If you see a breakout without volume, don’t believe it. If you see volume increasing in the direction of the breakout, that’s when you know it’s for real.

Levels to Watch

Resistances: $66,260 (critical) → $73,777 (bullish target) Supports: $60,104 → $55,426 → $50,000 (Maginot line of the channel)

Summary: Bitcoin is at a crossroads. Without a decisive move, 50K is closer than it seems.