Bitcoin Losing Strength — $66,000 Now The Line Between Recovery And Crash
Bitcoin is showing signs of weakening momentum as it struggles to regain higher ground, placing the market at a critical turning point. The $66,000 level has now emerged as a key support zone that could determine the next major move. Holding above it may give bulls a chance to spark a recovery, while a decisive break below could open the door for a deeper decline. Bitcoin Struggles Below Blue Box Resistance As Buyers Stay Quiet Bitcoin continues to trade below the blue box resistance, signaling that the market has yet to regain strong bullish momentum. According to crypto analyst Kamile....
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The price of Bitcoin started the day by a slight rise from $268 to around $274, before falling again to $268. The price seems to be oscillating today between $268 and $274, as we estimated yesterday that the price is likely to move sideways, as it approaches the $255 support point. The Advance/Decline line is sloping downwards (look at the below chart) which means that the downtrend is rather strong and is not likely to reverse today. The chart also shows the low trading volume compared to yesterday. If the price is to continue dropping or reverse to the bullish side, a bigger trading....