π» Bearish Momentum: According to CoinMarketCap, bears have taken control on the last day of the week. Bitcoin (BTC) has seen a 0.19% decline since yesterday, but it's up 9.57% over the past week.
π Hourly Outlook: On the hourly chart, BTC is looking bearish, nearing the $66,853 support level. A breakout followed by a move to the $66,500 area is possible if current conditions persist.
π Bigger Picture: Despite a false breakout of the $67,482 resistance, BTC could drop to $66,000 next week if the candle closes near its low. However, on the weekly timeframe, Bitcoin is poised to close near $66,900.
β‘οΈ Potential Upside: If bulls maintain control, there's potential for an upward move to $70,000, fueled by accumulated energy. At present, Bitcoin is trading at $66,863.