Bitcoin Stuck in Tight Range as Support Weakens Below $67K

Bitcoin is trading within a tight range between $66,000 and $67,000, showing signs of uncertainty in the market. After a brief bounce from $65,500 during the New York session, the price couldn't gain traction and slipped back into the same narrow band. This repeated test of support suggests buyers are starting to lose strength.

According to liquidity data from the MMT heatmap, there’s an imbalance forming. More buy orders sit below the current price, while sell-side liquidity above is relatively thin. However, this buying interest hasn't pushed the price higher, indicating buyers lack strong conviction.

The $66,000 to $67,000 area has been tested multiple times, which weakens its reliability as support. Analyst notes that repeated tests tend to increase the chance of a breakdown, as confidence in that level fades. The heatmap also points to the mid-to-low $60,000 range as a likely target if the current support gives way.

On-chain data supports this view. Short-term holders cluster mostly between $60,000 and $70,000, but demand within that range appears shallow. This makes it harder for the market to build a solid base for a sustained rally and leaves the price vulnerable to further declines.

At the same time, resistance remains firm. Attempts to push above $67,000 toward $69,000 have been met with quick selling, preventing any sustained gains. Instead of slowly overcoming resistance, the market experiences sharp pullbacks, confirming $69,000 as a strong ceiling.

Overall, the setup looks bearish. Weakening support below and strong resistance above suggest that, unless there’s a significant change in sentiment or liquidity, Bitcoin is more likely to break lower than to break out upward.

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