BTC price set to break 7-month slump as Bitcoin ETFs hit $65B record

BTC price resistance in the form of a downward-sloping channel is getting a grilling, which Bitcoin bulls hope may be its last.

Bitcoin (BTC) faces a crunch weekly close as bulls seek to break through a seven-month downtrend.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView reveals BTC price action attempting to crack resistance in place since March’s all-time high.

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