Bitcoin: Is the Topping Formation Starting to Confirm?Bitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisRepeated Rejections at Resistance Bitcoin has once again been rejected from the $65,500-$66,000 resistance zone, an area that has capped every rally since the July peak. The inability to produce a higher high continues to favour the bears in the short term. Structure Under Pressure Price is now testing the $64,166 swing low, which represents the first important layer of support. A break and close below this level would confirm another lower low and strengthen the developing bearish structure. Moving Averages Losing Momentum Although the 100/50-Period EMAs remain bullishly crossed, they are beginning to flatten as price chops sideways. That loss of momentum often reflects increasing uncertainty after a sustained recovery. Momentum Weakening RSI has fallen decisively below 50, while StochRSI is hovering just above oversold territory. Combined with the recent selling volume spikes, momentum has shifted back in favour of the bears. In Summary Bitcoin continues to show signs that a potential topping formation may be developing after another rejection from the $65,500-$66,000 resistance zone. A confirmed break below $64,166 would strengthen the bearish case and increase the probability of a move back towards the August low at $62,275. Until bulls can reclaim the recent highs, the short-term balance of risk remains tilted to the downside.