Bitcoin: Why a dip to $66k might be necessary for BTC’s next move

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Bitcoin: Why a dip to $66k might be necessary for BTC’s next move
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The Bitcoin profile chart shows fewer position s at $66.8K to $67.1K zone, indicating a price gap that needs filling.

was navigating a critical price range at press time, with market watchers anticipating its next move. The $66.8K to $67.1K zone on Bitcoin’s profile chart shows fewer positions, indicating a price gap.Bitcoin’s path forward hinges on whether it fills this gap before pushing higher or retraces further to gather liquidity.

This zone lies below a key double bottom pattern on the 6-hour timeframe of the BTC/USDT pair, reinforcing the potential for upward movement once the gap is filled.Traders are closely watching this price action, with many expecting Bitcoin to hold at the $70K-$71K level, which would likely trigger a move into price discovery and a new all-time high.

Historically, investors tend to start taking profits when this index rises above 300%, but for now, it suggests that the market is not yet in heavy profit-taking mode.

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