Bitcoin fails at $68,800, trades under $67,200; bears regain control
Bitcoin rejected at $68.8K, risks fresh drop. Price sits below $67.2K and the 100h SMA.
Bitcoin failed to hold above $68,800 and gave back gains, slipping under $67,200 and the 100‑hour SMA according to NewsBTC. Another leg lower is likely if price stays below $68,000–$67,800.
BTC based above $66,500, then bounced over $67,200 and cleared the 38.2% Fib of $71,985 to $65,030 earlier analysis. Sellers capped the move near $69,200; the 61.8% Fib failed, and price broke below a rising channel at $67,200 source.
Price trades under $67,200 and the 100h SMA. Holding $66,000 keeps a bounce in play. Immediate resistance sits at $67,800; the key barrier is $68,500. A close above $68,500 opens $69,250, then $69,500 and $70,000 source.
Failure to reclaim $68,000 points to $66,000 first support, then $65,750, $65,500, and $65,000. Main support stands at $64,200 source.
MACD turns more bearish. RSI sits below 50 source.
- Resistance: $67,800; $68,500; $69,250; $69,500; $70,000 NewsBTC
- Support: $66,000; $65,750; $65,500; $65,000; $64,200 NewsBTC
