BTC extended its rally above the $66,500 and $67,000 resistance levels.
There was a break below the 50% Fib retracement level of the upward move from the $65,200 swing low to $68,495 high.
However, bitcoin still trading above $65,000 and the 100 hourly simple moving average.
A clear break above $68,000 resistance may possibly call open the doors for a fresh increase.
If bitcoin fails to clear the $68,000 resistance zone, it could extend its downside correction.
It is close to the 61.8% Fib retracement level of the upward move from the $65,200 swing low to $68,495 high.
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