The price of Bitcoin (BTC) has continued to decline over the past two weeks, with analysts claiming that the cryptocurrency has "hit bottom" in the range of $63,000 to $65,000. 📉
#Bitcoinhas likely bottomed in this $63-65K range,” MN Capital founder Michael van de Poppe wrote on June 20 on social media X.
If the price stays above this level, it will gain “upward momentum.” "A turnaround is on the horizon," van de Poppe added.
However, if the bulls lose the current battle, they could retreat to the 200-day exponential moving average (EMA), which appears to be the last line of defense for BTC at $64,300.
If this happens, according to popular analyst Moustache, BTC price below $70,000 could be the last we see.