The price of $BTC has fallen by 1.03% in the past 24 hours.
The price of BTC is attempting to return to the local resistance level of $68,000. If it succeeds in doing so, the accumulated energy may be enough to break out and then move towards the $67,500 area.
The situation is less clear on the daily timeframe as the price moves away from both support and resistance levels. As neither side is dominant, a continued sideways trading scenario in the $66,500-68,500 area is more likely.
The situation is very similar from a medium-term perspective. Volumes continue to decline which means any sharp moves are unlikely to happen soon. In this case traders could see a wide range consolidation between $66,000-70,000 until June 20.
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