Bitcoin holds above $68,000 as RSI and MACD signal weakening bearish momentum

Bitcoin is trading at $68,385.76 after pulling back from a daily high of $70,897.84, marking a 0.4% decline on the 1-hour chart, a 2.7% drop over 24 hours, a 3.9% loss in 7 days and a 28.1% slide across the past 30 days. BTC is holding the $68,000 area as key support, with further downside zones near $65,000 and $60,000, while upside resistance sits at $70,000 and $72,000. Bitcoin's daily Relative Strength Index stands at 35.54, pointing to oversold conditions but still above the 30 threshold, and the MACD shows a bearish crossover with shrinking histogram bars that suggest the recent downtrend may be losing strength. Separately, Whale Factor on X outlines a longer-term BTC roadmap, projecting an October 2025 all-time high at $126,000 followed by a correction toward $70,000, a potential spring phase down to $37,000 to reset RSI, and a subsequent bull run that could take Bitcoin to $260,000, representing a 280.3% gain from the current price.