Bitcoin drops below $68K, tests $65.5K as bears target $63K
Bitcoin falls below $68k, tests $65.5k; key levels at $67.6k and $65k
Bitcoin dropped under $68,000 and printed a $65,646 low. Price is consolidating; a recovery needs $67,600–$68,800 reclaimed.
Sellers pushed the pair below $68,500 and $68,000 after a fresh decline. BTC broke the hourly bullish trend line near $68,900 (Kraken data). It now trades under $68,000 and the 100-hour simple moving average.
- Immediate resistance at $67,000. Key barrier at $67,600, the 23.6% Fib of $74,062 to $65,646.
- Upside levels to watch: $68,800. Next at $69,850, the 50% Fib of the same swing.
- Immediate support at $65,500. Major support at $65,000; next $63,500 and $62,000.
- Main downside line at $61,200; below it, recovery may stall near term.
- Hourly MACD strengthens in bearish zone. RSI sits below 50.
Above $67,600, price could retest $68,800 and $69,850. Below $65,500–$65,000, risk shifts to $63,500 and $62,000 per the same analysis.
