Bitcoin: Rejections at $66,000 Signal Accumulation Phase

Bitcoin encounters critical resistance near $66,000 after repeated rejections, drifting lower to $64,640 as market participants focus on Bitcoin accumulation phases after failed breakouts.

On the 4h chart, price sits below EMA50 resistance at $64,753 while holding above EMA200 support at $63,887 in a bearish trend structure, with RSI at 48.15 remaining neutral and MACD printing a bullish golden cross at -158.28; this setup points to price testing upper Bollinger resistance at $65,462 before a likely retracement toward the $63,653 lower band support.