Bitcoin Approaching Critical Resistance: Will It Break 66,200?
We're now using the 4-hour chart. Bitcoin had a strong rally yesterday, approaching resistance at 66,100. It almost reached that level before pulling back slightly, falling just short. For Bitcoin to show bullish momentum, it must break through this resistance. My 50 EMA is still green, indicating that Bitcoin remains bullish. Once it turns white, it signals a downward move. As for the MACD, it recently touched 300, which suggests Bitcoin could decline in the next few days. However, the chart still indicates that Bitcoin may have another leg up. I believe $66,200ish could be the final push for Bitcoin, but if it breaks through that resistance, we could see it move even higher. Stay tuned for updates! If you enjoy this content, please hit the like button.
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