<ul><li>Bitcoin's price surge towards $66,000 is met with resistance and the market may undergo consolidation or correction.</li><li>Technical analysis suggests Bitcoin could experience a corrective retracement before determining its next trend.</li><li>On the 4-hour chart, Bitcoin faces resistance levels at the 0.618 and 0.786 Fibonacci retracement levels, with a potential target of $60,000.</li><li>On-chain analysis shows crucial support at $50,000 and significant resistance at the $66,000-$70,000 range.</li></ul>

Bitcoin Price Analysis: BTC Tumbles to $64K as Bears Look to Reappear

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