🌟 Bitcoin's price trajectory remains on a downward trend as critical analysis highlights key resistance levels. 📉 According to Coinotag analysts, Bitcoin faces a pivotal resistance zone between $66,700 and $65,800, which must be surpassed to reverse the current trend. 📈 However, caution is advised as failure to hold support at $62,300 could lead to further declines, potentially dropping to $61,200. ⚠️

🟡 Current Technical Outlook: Bitcoin's 8-hour chart paints a bearish picture, with the cryptocurrency struggling to break above critical resistance levels. 📊 The inability to breach these barriers suggests continued downward pressure.

🟡 Immediate Challenges: Overcoming the resistance range of $66,700 to $65,800 is crucial to shifting the current bearish bias. 🛑 Failure to close above this zone could intensify selling pressure and prolong the downward momentum.

🟡 Support Levels: Bitcoin's ability to hold the $62,300 support level is vital. 🤝 A breakdown below this point may trigger a further decline towards $61,200, signaling a bearish continuation. 📉 However, strong buying interest at this support could offer hope for a recovery.

🟡 Long-Term Implications: A failure to maintain support above $61,200 could indicate a continuation of the downward trend, potentially setting new lower price targets for Bitcoin. 📉🎯 It's essential for traders and investors to closely monitor these critical levels to navigate the current market conditions effectively. 💼💰 #BTC