Bitcoin Struggles to Break $69K – Is a Reversal Coming?
Bitcoin is still ranging between $67,000 and $69,000, facing strong resistance near the $69K mark. Despite bullish momentum last week, BTC failed to maintain a clean breakout.
Key technical insights:
Support: $66,500 zone still holding strong.
Resistance: $69,000 is the critical level to watch.
RSI: Slightly cooling down, signaling consolidation.
MACD: Shows weakening bullish pressure.
The longer BTC stays below $69K, the higher the chance of a short-term correction. But if it breaks and holds above $69K with volume, we might see a rapid move to $72K or more.
What do you think? Is Bitcoin ready to explode or due for a pullback?
Drop your thoughts below!
