Bitcoin's price hovers around $66,000, with volatility indicators hinting at an imminent breakout. Despite a rally to $67,200, BTC struggles to close the CME futures gap. I think $66,700 as a crucial support level, with two scenarios: breakout to old highs or retrace to midrange. Bids and asks remain tight around spot price, with $66,000 and $67,350 as major support and resistance levels. Bollinger Bands signal potential for a significant move, as width narrows to February levels, echoing past upside squeezes.
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Bitcoin's price hovers around $66,000, with volatility indicators hinting at an imminent breakout. Despite a rally to $67,200, BTC struggles to close the CME futures gap. I think $66,700 as a crucial support level, with two scenarios: breakout to old highs or retrace to midrange. Bids and asks remain tight around spot price, with $66,000 and $67,350 as major support and resistance levels. Bollinger Bands signal potential for a significant move, as width narrows to February levels, echoing past upside squeezes.