Bitcoin price is trading at $65,800 at the time of writing and is trending downward. Risks increase over time. Bitcoin fell due to the impact of the US's $2 billion BTC reserve and the upcoming Fed meeting. Additionally, geopolitical risks such as the war in Lebanon also negatively impact short-term market sentiment.

Bitcoin has not been able to maintain permanence above the $70,000 level in recent months. This suggests that price weakness could lead to further losses. Despite Trump's positive statements, this weakness in the charts could be demoralizing for investors. The reasons for the price falling sharply from resistance levels are quite complex.

Cryptocurrency commentator Skew predicts that Bitcoin could make a deeper bottom. According to Skew, a drop to $64,000 may be inevitable. The liquidation or closing of $800 million of open positions in the recent sell-off reflects the fear in investors.

DecenTrader states that the price of Bitcoin may drop to $63,600. If this level is reached, altcoins may face a major sales wave and deeper declines may occur. Altcoins, which are currently unable to get their share of the rise, may be negatively affected by this situation.

Jelle said, “We need to exceed $72,000 for the bears to pull the price down again. "Above this level, short liquidations will be triggered and the bears will have difficulty pulling the price down," he says.

  • There may be a decrease in prices after the US's 2 billion dollar BTC reserve.

  • Fed meetings may have an impact on cryptocurrency markets.

  • For altcoin investors, declines in Bitcoin may pose great risks.

  • The $64,000 level can be considered a critical support point.

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