Bitcoin held above $66,000 on Monday after an intraday rally faded below $67,000, with traders watching whether the largest cryptocurrency can clear overhead resistance near $67,000–$68,200 or slip back toward the mid-$60,000s.
Price action
BTC/USD built a base above $63,500 and pushed through the $64,500 area before accelerating past $67,000 to a session high around $68,180. Sellers then capped the move and the price retraced, slipping back below $67,000 and the 100-hour simple moving average.
An hourly downtrend line is constraining advances near $67,000. Holding above $65,000 keeps the door open for another attempt higher in the near term.
Key resistance levels
- $67,000: Initial barrier aligned with an intraday trendline and the 100-hour SMA.
- $68,200: A sustained break and hourly close above this zone would strengthen the bullish setup.
- $69,500–$70,000: Next upside targets on a confirmed breakout, with additional hurdles at $70,500 and $71,200.
Support to watch
- $65,500: Immediate support.
- $65,000: Near the 61.8% Fibonacci retracement of the $63,030–$68,181 advance.
- $64,250–$64,000: Secondary support zone if selling pressure builds.
- $63,000: Major support; a breakdown here would undermine the recent recovery.
Technical picture
The hourly MACD is losing momentum within positive territory, while the RSI remains above 50, reflecting a neutral-to-bullish intraday bias. A decisive move above $68,200 would open a path toward $69,500–$70,000, whereas a failure to reclaim $67,000 increases the risk of a retest of $65,500 and $65,000.