🚨 Bitcoin Could Be Nearing a Local Top
According to CryptoQuant analysts, $BTC may be approaching a short-term peak as it enters a key resistance zone around $66,300–$69,000.
📈 In a bullish scenario, Bitcoin could briefly push toward $70,000—but that area may also trigger renewed selling pressure.
Several indicators are already flashing caution:
• Bearish MACD divergence
• RSI approaching overbought levels
• Declining volume despite a six-week rally
⚠️ If the bearish setup plays out, BTC could potentially retrace toward $51,336—a decline of roughly 21–26% from the projected local top.
The next reaction around $66.3K–$70K could be crucial. 👀
According to CryptoQuant analysts, $BTC may be approaching a short-term peak as it enters a key resistance zone around $66,300–$69,000.
📈 In a bullish scenario, Bitcoin could briefly push toward $70,000—but that area may also trigger renewed selling pressure.
Several indicators are already flashing caution:
• Bearish MACD divergence
• RSI approaching overbought levels
• Declining volume despite a six-week rally
⚠️ If the bearish setup plays out, BTC could potentially retrace toward $51,336—a decline of roughly 21–26% from the projected local top.
The next reaction around $66.3K–$70K could be crucial. 👀