Bitcoin Nears Resistance Level as Trader Sees Growing Strength

Bitcoin's price has been steadily recovering since a significant sale by the Strategy earlier this week.

The largest cryptocurrency is now trading above last week's high, nearing the key $65,543 resistance level.

Crypto trader Michael van de Poppe believes Bitcoin is gaining strength and doesn't expect the market to fall from here.

According to van de Poppe, 'There's more strength coming in on BTC. That's a great move, and I don't expect to see the markets falling here.'

The daily BTC chart shows that Bitcoin has bounced from a recent descending trendline and is attempting to reclaim its 100-day moving average.

If buyers keep control, the next major target sits around $65,500-$66,000, with a possible move toward the $70,000 level in the next one to two weeks.