Bitcoin has successfully surpassed the critical resistance level of $67,400, which marks a significant event in the market. This breakthrough suggests a potential shift in market sentiment as investors might become more optimistic.
Despite this positive movement, Santiment reports indicate that the upward momentum of Bitcoin might be slowing down. This implies that while the resistance level was breached, the sustainability of this rally is uncertain.
The crossing of such a resistance level often attracts attention from more investors. However, with reports hinting at a slowdown, stakeholders might exhibit caution in their trading behavior in the coming days.
