Bitcoin Stalls at Key Resistance Zone as MACD Momentum Fades

Bitcoin's recent recovery has stalled at $65,000-$65,200, indicating that sellers are defending this level. A decisive 4-hour close above $65,200 could strengthen the bullish setup and put $66,000 in focus before Bitcoin tests the major swing high around $66,800-$67,000.

The $67,000 region carries additional significance because it aligns with the cost basis of newer whales. This makes it more than a conventional technical resistance level, as new whale holdings around this price represent a potentially significant source of overhead supply.

Technical momentum is providing another reason for caution. The MACD remains above the zero line, but the MACD line at 184.57 has fallen below the signal line at 223.06, with a -38.48 histogram signaling short-term caution.