Woofun AI notes that analyst Ali Charts identifies $64,700 as the pivotal level for Bitcoin's near-term direction. Failure to breach this upper channel boundary may trigger a decline toward $63,000 and potentially $61,500.

Conversely, an hourly close above $64,700 would negate bearish pressure. Such a move could propel Bitcoin to test $66,400, with a secondary target established at $68,000.