đ Bitcoin Bulls Eye $66K! đ
Bitcoin's recent rally to $66,000 has sparked excitement among crypto enthusiasts, but the market is now entering a potential retracement phase. The $66K resistance level has proven to be a tough nut to crack, with BTC likely to consolidate or correct before its next big move.
đ On the daily chart, Bitcoin surged from $55K to $66K, driven by positive market sentiment. However, selling pressure at $66K led to a slight pullback. This level aligns with previous major pivots, suggesting a strong barrier.
đ On the 4-hour chart, BTC shows higher highs and lows, reclaiming $65K. Yet, it faces resistance between the 0.618 and 0.786 Fibonacci levels, indicating a potential short-term retracement to $60K.
Stay tuned, Bitcoiners! đ
