📉 Bitcoin Update♨️

Bitcoin Price Dumped To $66K As Bears Gain Strength, $64K Next?

Bitcoin is facing downward pressure as it failed to break above the $70,000 resistance zone. Currently down over 5%, BTC dipped below $67,500 support, triggering concerns among investors.

Key Points:

- BTC is trading below $68,500 and the 100 hourly SMA.

- A bearish trend line is forming with resistance near $68,400.

- Immediate support lies around $66,000, followed by $65,000.

- If the downtrend persists, BTC could drop to $64,000 or even $62,500.

Technical Indicators:

- Hourly MACD is in the bearish zone.

- Hourly RSI for BTC/USD is below the 50 level.

Investment Disclaimer:

This information is for educational purposes only. It's essential to conduct your research before making investment decisions. Remember, investing carries risks.

Stay informed and trade responsibly! #bullruns #BTC🔥🔥🔥🔥 #Cryptocurrency #InvestingJourney #CryptoMarkets 📉📊