Bitcoin stays below $68,800, risks renewed drop toward $65,000 support

BTC rebounds above $67k, stalls under $68.8k

Bitcoin bounced back over $67,500. Price now ranges below $68,800 channel resistance.

Bulls reclaimed $67,200 and the 100‑hour SMA. Sellers cap $68,500–$68,800, per NewsBTC and NewsBTC.

Key levels
- Resistance at $68,500 and $68,800. A close above $68,800 from the rising channel may target $69,250, then $69,500 and $70,000 source.
- Support at $67,000, then $66,800 and $65,800. A break risks a move toward $65,000 source.

Context
- Recovery started from a $65,500 base. Price cleared the 38.2% Fib of the $71,986 to $65,030 drop; $68,500 aligns with the 50% Fib source.
- BTC trades above the 100‑hour SMA; channel resistance sits near $68,800 on the hourly BTC/USD chart using Kraken data source.

Indicators
- MACD is losing bullish momentum. RSI holds above 50 on the hourly timeframe source.