Bitcoin (BTC) continues its downward trend, failing to reclaim the $65,000 mark after the June 18 Wall Street open. The cryptocurrency has seen losses of up to $7,900 since June 9, with analysts predicting further downside. Trading resource co-founder Keith Alan warns that Bitcoin's spot price slipping through multiple moving averages is a concern. Meanwhile, the short-term holder cost basis is up for a retest at just under $64,000. On the altcoin front, a lack of news flow is causing a market dip, with the total altcoin market cap down 7.5% at $219.06 billion.