Bitcoin Eyes Breakout as $66,000 Resistance Zone Comes into Play

Bitcoin is trying to break out of its recent trading range as it pushes against the upper edge of its channel.

The support zone currently sits between $59,317 and $62,436, analysts say, and as long as that zone continues to hold, a bigger bounce before any further decline stays intact.

A break above the next resistance zone, which sits between $66,200 and $66,300, could open the path toward $69,000 to $72,000, with $76,000 floated as a more ambitious target further out.