Hello traders, Bitcoin is recovering again, this time up to the resistance around the 69.2K level, which was used for selling. This led to breaking through several supports and testing the support near the 66.2K level. The nearest resistance now lies near the 66.9K level, below which there is a high risk of breaking the current support and declining towards 65.8-65.5K, where bullish activity may pick up. If Bitcoin consolidates above the current support, it may break above the mentioned resistance again and test 67.3-68K. In the near term, Bitcoin is likely to continue consolidating within the current lows and highs. There are no objective reasons for large-scale buying or selling at this stage.
