For the Afternoon Ahead
Bitcoin would need to avoid to sub-$67,000 levels and the $66,156 pivot to bring the first major resistance level at $69,035 into play.
Support from the broader market will be needed, however, for Bitcoin to break out from the morning ATH $68,444.0.
Barring an extended crypto rally, the first major resistance level at $69,035 would likely cap any upside.
In the event of another extended rally through the afternoon, Bitcoin could test the second major resistance level at $70,544.
A fall back to sub-$67,000 levels and through the $66,156 pivot would bring the first major support level at $64,647 into play.
Barring an afternoon reversal, however, Bitcoin should avoid sub-$64,000 levels.
The second major support level sits at $61,768.
Looking beyond the support and resistance levels, we saw the 50 EMA pull away from the 100 and the 200 EMAs this morning. We also saw the 100 EMA pull away from the 200 EMA.
Through the 2nd half of the day, a further pull away of the 50 EMA from the 100 and 200 would bring $70,000 levels into play.
Key through the late morning and early afternoon, however, would be to break out from $68,500 levels.
A fall back to sub-$67,000 levels would bring support levels into play.
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