Bitcoin rejected at resistance again as stock weakness pressures crypto
Bitcoin got pushed back from resistance around $66K–$67K and a short-term stock market pullback is adding downside pressure, but the bigger bullish trend is still intact — mixed news for crypto traders.
- Bitcoin keeps hitting a wall near $66K–$67K and can't break through yet.
- A pullback in the S&P 500 and Nasdaq is weighing on Bitcoin and altcoins short-term.
- Longer term looks bullish: a fourth green weekly candle confirms a bullish setup like the one that marked the 2022 bottom.
- Ethereum is holding a bullish breakout with an active long trade in profit; XRP and Solana look weaker.
Outlook: Expect Bitcoin to keep chopping in the lower half of its channel for a day or two, with a possible push toward $67K if stocks stabilize.
## Bitcoin Levels
- **Bias:** Bullish overall (medium/long term), weak/choppy short term
- **Buy / accumulate:** Not explicitly stated
- **Support:** ~$64,000 (ascending line), ~$60,000 major support; downside liquidity ~$63,500
- **Resistance:** ~$65.5K–$65.6K (channel center line), then $66K–$67K key resistance; upside liquidity ~$67,000
- **Targets:** ~$73,000–$74,000 if it breaks and holds above $67,000
- **Invalidation:** Hitting downside liquidity near $63,000 / breaking below $64K support and prior lows signals a possible trend reversal