Bitcoin Near Key Resistance: Fifth Wave Risk Ahead
The post Bitcoin Near Key Resistance: Fifth Wave Risk Ahead appeared on BitcoinEthereumNews.com.
Bitcoin trades at $66827 near $68500 resistance with 507M ETF inflows as traders monitor 60000 support and fifth wave risk. Bitcoin is testing a critical resistance zone after stabilizing above multiweek support. Traders are assessing whether the move signals continuation or another leg lower. At the time of writing, Bitcoin was trading at $66,827. The cryptocurrency has rebounded from levels near $63,000. However, price remains inside a broader sideways structure. Market participants are watching resistance levels and lower time frame patterns for direction. Price Structure Remains Range Bound Bitcoin continues to hold above $62,594, which has acted as support for three weeks. As long as this level holds, the wider range remains valid. No confirmed breakout has occurred. The immediate resistance zone stands between $65,609 and $68,457. Price is pressing toward the $68,500 area, which aligns with the 100 period EMA on the four hour chart. This level is acting as a technical barrier. $BTCBitcoin appears to have formed a local low and is now moving toward the first resistance zone between $65,609 and $68,457. The support we’ve tracked for the past three weeks continues to hold, with price staying above $62,594. As long as that level remains intact, the… pic.twitter.com/1sSwdqUEMm — More Crypto Online (@Morecryptoonl) February 28, 2026 A sustained move above $70,600 could open the path toward $72,271. The $72,000 to $75,000 range serves as a broader ceiling. As long as Bitcoin trades below $75,000, the larger structure remains capped. Technical indicators show moderate strength. The relative strength index stands near 60, and it reflects positive momentum. The MACD line remains above the signal line, and the histogram shows steady upside pressure. Bitcoin also trades above the 50 period EMA near $66,900. This positioning supports near term stability. However, expansion remains limited while price stays below the 100…
Filed under: News - @ March 1, 2026 9:22 am