Bitcoin's Weakening MACD Momentum Warns of Pullback Risk Near $67K

Bitcoin's latest recovery has brought the market into a critical supply zone between $63,000 and $67,000. After falling toward $62,500–$63,000 in late July, BTC has gradually recovered with a sequence of higher lows on the 4-hour chart, indicating that buyers remain active. However, the recovery has stalled around $65,000–$65,200, where several candles have rejected the level, suggesting that sellers are defending this area.

A decisive 4-hour close above $65,200 could strengthen the bullish setup and put $66,000 in focus before testing the major swing high around $66,800–$67,000. The $67,000 region carries additional significance because it aligns with the cost basis of newer whale accumulations, creating a potentially significant source of overhead supply. If holders who accumulated near $67,000 use the recovery to exit at breakeven, Bitcoin could face renewed selling pressure.

Technical momentum indicators are providing a reason for caution. The MACD line at 184.57 has fallen below the signal line at 223.06, while the histogram has slipped slightly negative to -38.48. Together, these signals suggest that bullish momentum is fading, and Bitcoin could enter a period of consolidation or experience a short-term retracement. Subdued volume during the recovery also suggests that buyers have not demonstrated enough conviction to support a sustained breakout. Deeper support is estimated near $51,000 if selling pressure accelerates significantly.