The price of Bitcoin on the daily chart is still within the resistance area, so it is expected to lateralize here for a while before giving its next push. Having already fallen to $66,300 and after hitting the control point located in that area, we expect a price recovery to or near the top. MACD and RSI are still supporting the rise, as well as fundamental developments in the crypto world.

Our general approach is that even despite any healthy market pullback, the price of BTC will manage to overcome resistance in the medium term.

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