Bitcoin Tests Key Resistance Zone Amid Consolidation
Bitcoin (BTC) is currently trading at $65,276 with a 24-hour volume of $23.37 billion, down 15%.
The price has stalled at the .618 Fibonacci level and is facing resistance in the $65.7K-$67K zone.
This area has been a confluence of multiple resistance layers, making it difficult for BTC to push through cleanly.
Short-term support sits at $64K, with a possible breakdown leading to $61K if the price breaks below this level.