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Currently, #BTC is trading near the $68,500 level after a failed attempt to break through the strong resistance barrier at $70,000. We observe the formation of a double top pattern on the daily chart, which may indicate a short-term corrective movement.
🔍 Key support and resistance levels:
✅ Nearest support: $66,800
🚫 Strongest resistance: $70,000
📈 From a technical perspective:
The RSI (Relative Strength Index) indicates an overbought condition (above 70), which may suggest a potential temporary pullback.
The 50-day moving average is still upward, supporting the overall bullish trend in the medium term.
🧠 Technical outlook: As long as BTC maintains trading above the support area of 66.8K, the outlook remains positive for a new test of the 70K level and possibly breaking it towards higher levels. Conversely, breaking the support may lead to a revisit of the 64K levels.
Currently, #BTC is trading near the level of $68,500 after a failed attempt to break through the strong resistance barrier at $70,000. We observe the formation of a model