Analyst: Bitcoin Maintains Key Support Level, Unlikely to Fall Below $64,800

According to the analyst Crypto Hunter on X, BTC dipped to a low of 65200 early this morning but did not break through the support level of 64800. Moreover, the trading volume during this dip was not significantly larger than that during its previous rise, indicating that there is currently no large sell-off. Therefore, it's unlikely for BTC to break through the support level of 64800 in the short term. However, after quickly rebounding back into resistance zone, its trading volume performance suggests that buying power isn't strong either and thus chances for further increase in price are also slim in short term.

Additionally, there hasn't been a significant decrease in open interest during this pullback period; current market leverage remains high with demand for deleveraging present. So based on recent market changes, probability of scenario one occurring has decreased while likelihood for scenario two has noticeably increased. Of course if Bitcoin were to surge past resistance zone with substantial volume then possibility for scenario three would also increase.