The recent weekly closing for Bitcoin$BTC appears concerning characterized by a significant wick that forms a pin bar or shooting star candlestick pattern at a critical resistance level. This suggests that the price pushed upward to capture liquidity but subsequently faced selling pressure, indicating potential downward movement. With various fundamental events on the horizon we can anticipate increased volatility which may further impact price dynamics. A key area to monitor will be around the $66,000 level as this could serve as a pivotal point for market reactions and potential liquidations.
