Bitcoin is facing significant challenges in overcoming the newly established daily support level to reach back to the weekly support at 60,500, as noted in our recent analyses. After a decline to 61,000, Bitcoin formed a support level and attempted a rebound to breach the daily resistance at 66,300. However, it appears more likely that the price will continue to fluctuate within this range to complete the process of weekly correction rather than breaking any major levels.
Key Support: 60,500
Key Resistance: 66,300
