Bitcoin slips below $67,000; risks drop toward $65,000
Bitcoin drops below $67k after rejection near $69,250. Price sits under the 100-hour SMA and risks another leg down if $67.5k–$67.8k stays capped.
Bitcoin made a lower low at $65,688 after failing to hold $68,800 and slipping into a bearish zone.
It trades below $67,000 and the 100-hour simple moving average. Consolidation is under the 23.6% Fib of the $69,250 to $65,688 drop.
Key levels:
- Resistance: $67,000; $67,450 trendline; $67,500 (50% Fib); then $68,000, $68,500, $68,800.
- Support: $66,000; $65,500; $65,000; $64,200; main support $63,500.
A close above $67,500 opens a retest of $68,000. Failure keeps pressure toward $66,000 and $65,500.
Indicators: Hourly MACD bearish. RSI below 50.
