Bitcoin is currently facing a tough resistance at $69,200, the all-time high from 2021. So far, we haven’t seen a 4-hour close above this level, and the recent price action indicates a rejection.
As we look forward to the Monday range, here are the key levels to watch:
Support: $68,000. This level needs to hold for a bullish outlook to remain intact.If $68,000 Fails: Look for a retest around $66,500.If we can achieve a 4-hour close above $69,200, we could see a quick move towards the all-time high again.
Overall, the next few hours will be crucial in determining Bitcoin's short-term direction
