Bitcoin Price Analysis: BTC Rally Loses Steam as Historical Resistance Comes Into Play

Bitcoin’s rally is losing steam as price reaches a prior resistance area, according to technical analysis. On the daily chart, BTC extended its recovery into the $65.5K–$66.7K supply zone after reclaiming a descending trendline that capped gains for weeks. However, the broader trend remains constrained beneath the declining 100-day moving average, with the 200-day moving average positioned higher. A daily close above $66.7K would strengthen the bullish outlook and open the next resistance at $72K–$74K, while losing the $63K–$64K zone would shift attention to a larger demand area around $58K–$59.5K. The 4-hour chart shows consolidation after rejecting the top of the range, suggesting profit-taking. Sentiment analysis cited a one-year Binance liquidation heatmap with concentrated short-side liquidity near $88K and a larger cluster above $90K, implying potential upside attraction only if those liquidity levels are swept and accepted. Until then, the recovery is described as needing caution.