Bitcoin Hits $66k but Faces Rejection Amid Resistance

Bitcoin (BTC) recently reached a price of $66,000 on July 21 but was met with a rejection soon after. The cryptocurrency's price has fallen by 1% in the last 24 hours according to CoinGecko's data. However, it is still trading in the green zone for other time frames.

In the past two weeks, Bitcoin's price has risen by more than 6%. Despite this momentum, investors are still cautious about pushing BTC beyond the $66,000 mark. The asset is facing substantial resistance at current levels.

Recent inflation data for June 2026 was cooler than expected, which may have contributed to a slight recovery in Bitcoin's price. However, the Federal Reserve's interest rate cut hopes were not strong enough to push BTC beyond the $66,000 mark.