Bitcoin is now testing the 66,300–68,600 zone, this was strong support before, and now it’s acting as resistance. That’s always an important moment. Markets often decide direction exactly at these flips.
The next two days could be decisive. Today we have Nvidia earnings, and tomorrow there are expected updates regarding Iran. Both can affect overall market sentiment, and when risk moves, BTC usually reacts fast.
Here’s how I see it:
If price holds above 66,300 after a pullback and shows strength, the next target is 68,600. That’s the nearest resistance and a logical magnet for price.
But if BTC loses 64,000 which is the base of the recent upward move, and if momentum weakens. In that case, we open the path toward a retest of the February 6 low around 59,800.
So this is not the place to guess. It’s the place to watch reaction. We’re sitting between confirmation and breakdown.
The next two days could be decisive. Today we have Nvidia earnings, and tomorrow there are expected updates regarding Iran. Both can affect overall market sentiment, and when risk moves, BTC usually reacts fast.
Here’s how I see it:
If price holds above 66,300 after a pullback and shows strength, the next target is 68,600. That’s the nearest resistance and a logical magnet for price.
But if BTC loses 64,000 which is the base of the recent upward move, and if momentum weakens. In that case, we open the path toward a retest of the February 6 low around 59,800.
So this is not the place to guess. It’s the place to watch reaction. We’re sitting between confirmation and breakdown.
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