Bitcoin’s recent price rally has surged towards $66,000, but the market is now facing a correction phase.

- The $66K resistance level remains a formidable barrier for BTC, and the price is likely to consolidate or correct for some time.

- On the daily chart, Bitcoin made a strong rally from the $55K support level to reach the $66K region, but faced selling pressure at this level.

- On the 4-hour chart, the price rebounded from the $55K support area to reclaim the $65K level, but a correction towards the $60K psychological support level is currently expected.

- On-chain analysis shows significant liquidity zones between $50K and $66K-$70K.

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