Bitcoin Price Consolidates at Key Resistance Levels

Bitcoin's price has seen a small rally over the weekend, rising by 3% to test key resistance levels. However, this surge may be short-lived as the cryptocurrency's price action suggests it is consolidating between support and resistance.

The current price movement can be attributed to the fact that the overall crypto market looks weak, with Bitcoin's price not showing strong momentum even after breaking through $66K resistance. The price has been meandering slowly upwards, and any further upside may be hindered by the lack of significant escape velocity.

One possible scenario is a pullback, potentially accompanied by another lower low. However, as long as the price remains above the descending channel, there's still a chance for the bulls to stage a rally and break through key resistance levels.