BTC Eyes $68K Resistance as Bullish Momentum Builds

Bitcoin's price has been steadily increasing over the past few days, reaching around $66,300. This is largely due to its recent break above the 50-day Exponential Moving Average (EMA), which indicates that buyers are gaining control in the market.

The cryptocurrency remains below its 100-day and 200-day EMAs, with key resistance levels still intact. However, technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) suggest that bullish momentum is strengthening.

Despite this, Bitcoin still faces significant resistance from longer-term moving averages. A break above these levels would be essential to confirm a sustained bullish trend.