- Daily Chart: Bitcoin Struggles to Recover:

Bitcoin is currently trading around $67,000 after pausing its rally today at $68,000. The price remains well below the 50-day exponential moving average at $75,799, the 100-day EMA at $83,425, and the 200-day EMA at $91,005. All three moving averages are trending downward, reinforcing the overall bearish trend.

The Relative Strength Index (RSI) remains near the 41 level, below the midline of 50, and is trending downward on the daily chart, indicating a cautious bias toward slight decline or neutrality in the near term. However, the Moving Average Convergence Divergence (MACD) remains above the signal line on the same chart, with widening momentum, suggesting improving bullish momentum.

A decisive breakout above the psychological $70,000 threshold, which nearly aligns with the high recorded on Wednesday, could open the door to a sustained breakout targeting the highest level since February 8 at $72,271.

Daily BTC/USDT Chart

Meanwhile, immediate support is observed near $66,500, the level recorded on Thursday, followed by strong demand around the weekly low at $62,513. Breaking this level due to buying pressure could reveal the next downside zone near $60,000, while holding above $66,500 keeps the door open for a breakout toward the upper moving averages.