Bitcoin's recent surge to $66,000 has been met with resistance, leading to the possibility of a retracement. The $66,000 level is proving to be a strong barrier, and Bitcoin is likely to undergo a period of consolidation or correction before determining its next major trend. The market sentiment and buying activity drove the recent bullish momentum, but as Bitcoin approaches the resistance level, selling pressure is increasing. This resistance level is significant and could offer a strong barrier against further increases. The recent upward movement may be followed by a period of corrective retracement before the market resumes its uptrend. The Binance liquidation heatmap shows that $50,000 is an important support level and the $66,000-$70,000 range is a crucial liquidity pool. Bitcoin is currently confined between these two levels, and a breakout in either direction could lead to a cascading effect on the market.



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