Bitcoin: Bulls Face a Bigger Test But Must Be RespectedBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisHigher highs respected Bitcoin has now printed another medium-term higher high, reinforcing the current uptrend. As long as price continues producing higher highs and higher lows, the bulls deserve the benefit of the doubt. Major resistance ahead Price is now approaching a significant confluence of resistance between $66,000 and the 0.382 Fibonacci retracement at $66,322, with the previous swing high at $67,292 sitting just above. This area is likely to attract increased selling pressure. Long-term trend still bearish Despite the recent recovery, the 21/8-weekly EMAs remain bearishly crossed, highlighting that the broader trend has yet to turn bullish. Bulls will need to reclaim higher resistance levels before that longer-term picture begins to improve. Momentum slowly improving RSI continues to recover from recent lows but remains below the 50 level, highlighting that longer-term momentum is still bearish. Meanwhile, StochRSI is climbing from oversold territory, supporting the recent recovery. Limited resistance beyond Should bulls successfully clear the $66,000-$67,292 resistance zone, there is relatively little resistance until the 0.618 Fibonacci retracement at $72,204, opening the door to a stronger recovery. In Summary Bitcoin has earned the benefit of the doubt after printing another medium-term higher high, but the recovery is now approaching a critical test. Although the 21/8-weekly EMAs remain bearishly crossed, price is challenging the major $66,000-$67,292 resistance zone. A decisive break above this area would strengthen the bullish case and expose $72,204, while another rejection would reinforce the importance of the broader weekly downtrend.