Bitcoin price prediction

The current price of one Bitcoin (BTC) is $66,151, showing a decrease of -0.15% over the last 24 hours. On 52.97% of recent days, BTC closed higher than its opening price. The highest recorded price for BTC in the past three months was $72,689, marking a decline of -9.00% from that peak.

Out of 17 technical indicators analyzed, 6 suggest buying while 8 recommend selling, indicating a bearish short-term sentiment based on technical analysis. BTC faces initial resistance at $66,798; closing above this level could signal further upward movement. Conversely, support is found at $65,026, with potential for further decline if this level is breached. A break above $66,798 may pave the way towards the next resistance at $68,743.

The 14-day Relative Strength Index (RSI) stands at 42.55, suggesting neutral market conditions without being oversold or overbought. Similarly, the weekly RSI is at 63.48, also indicating a balanced market sentiment.