BTC is currently trading inside a tight triangle consolidation, with the market waiting for confirmation before committing to the next move.
A key structural shift occurred after losing the $67,800 level, which had acted as strong support and has now flipped into resistance. As long as price remains below this area, upside attempts are likely to face pressure.
Immediate resistance sits around $67,800–$68,000.
If the triangle breaks to the downside, the next support to watch is near $64,700.
For now, the bias remains neutral, but slightly tilted bearish due to the loss of major support and weakening structure.
A clean breakout above the triangle, and a reclaim of $67,800, would shift sentiment and improve the short-term outlook.
BTC
66,571.47
-1.44%