Bitcoin Price Dips Yet Stays Positive: Market Sentiment Remains Upbeat

Bitcoin’s price has seen a slight dip but remains positive overall, with market sentiment remaining upbeat. After reaching a high of $67,984, the cryptocurrency experienced a downside correction, trading below $67,000 and the 100 hourly Simple Moving Average. A bullish trend line at $65,900 was broken, and the price dropped to a low of $65,922. However, it is now attempting to rebound with resistance around the $66,500 level and the 100 hourly SMA. If bulls continue to dominate, Bitcoin could test the $68,000 resistance and potentially rise toward the $68,800 and $70,000 levels. On the downside, immediate support lies around $66,000, followed by more significant support near $64,500. Technical indicators show the MACD losing pace in the bullish zone, while the RSI is below the 50 level. Major resistance levels are at $66,500, $67,000, and $67,500, while major support levels stand at $65,900 and $65,500.