Bitcoin has fallen again: Selling pressure continues.

Bitcoin, struggled to break above the $67,000 resistance level. BTC remained in a volatile price range and started a new decline from $66,868.

There was a break below the rising trend line connected to the $66,500 support on the hourly chart of the BTC/USD pair. The pair traded below the 23.6% Fib retracement level of the upward move from $65,075 to $66,868. Bitcoin is currently trading at $66,800. BTC may soon test the 50% Fib retracement level of the upward move from $65,075 to $66,868.

In the upward movement, it encounters resistance near the $66,500 level and the 100-hour Simple Moving Average. The first major resistance could be $66,850. The next key resistance could be $67,000. A clear move above the $67,000 resistance could initiate a reasonable increase and push the price further upwards.

What do the indicators say for Bitcoin?

If Bitcoin cannot break above the $66,500 resistance zone, it may continue to decline. The $66,000 dollar range can be followed as a support level. The first major support is $65,750. The next support is currently forming around $65,500. More selling pressure could send the price towards the $65,000 support zone in the near term.

Technical indicators:

Hourly MACD - MACD is currently gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) - RSI is currently below the 50 level for BTC/USD.

Main Support Levels - $66,500, followed by $65,000.

Key Resistance Levels - $66,500 and $67,000.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risk, and readers should conduct their own research when making decisions.