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Bitcoin tests $66K support after breakout, eyes $73K rally but risks remain.

Technical Signals
22 Jul 2026
Crypto Daily
View Source
Neutral
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Bitcoin price recently broke out of a descending channel and surpassed the key $66,000 resistance level, reaching a local high near $67,900. It is now retesting the $65,600-$66,000 area to confirm if this level will hold as support. If the support holds, a rally towards $73,440 resistance is likely. However, caution is advised as a failure to maintain this support could lead to a pullback and extend the bear market into Q4. The weekly chart will provide clearer signals in the coming days.

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