Bitcoin: Rejects $66K on Bank Holiday Weekend

Bitcoin rejects the $66K zone into the bank holiday, priming markets for weekend volatility as BTC price action eyes a test of recent lows.

The 200-week moving average sits directly beneath current levels and has marked cycle bottoms across prior halvings, excluding 2022, giving bulls a clear floor if downside materializes before any reversal fueled by building bullish divergence.

At $62401.82, BTC trades inside the Bollinger Bands with the upper resistance at $67278.62 capping upside while the MACD death cross at -647.85 reinforces the bearish structure; the EMA50 at $64336.41 and EMA200 at $68885.82 act as concrete resistance overhead, making a healthy retracement toward the lower band support at $61685.25 probable before any sustained bounce develops on RSI neutrality at 34.31.