Crypto
Bitcoin Faces Critical Resistance Zone Ahead of Next Major Move
Bitcoin's technical momentum is weakening as it approaches its resistance zone around $67K. According to CryptoRank, the MACD momentum is fading, with a -38.48 histogram signaling short-term caution.
The recovery has stalled around $65,000-$65,200, and several candles have rejected this area, indicating that sellers are defending the level.
A break below $64K could expose $63K-$63.3K, which currently represents the key technical support zone.
The miner cost-bases are clustered around $51,000, while long-term holders provide another major layer of support.