Bitcoin Approaches Key Resistance

The cryptocurrency market is experiencing a cool down as Bitcoin approaches a significant resistance level.

After a strong rally, Bitcoin is now hovering near the 66K mark, and recent market indicators suggest that the momentum might be slowing.

Traders are keeping a close eye on the daily charts, which have shown some bearish signs.

In the latest daily close, Bitcoin displayed a slightly bearish candle pattern, indicating that a retest of lower levels may be on the horizon.

The stochastic oscillator has also crossed down, which could signal a temporary slowdown in bullish momentum.