- Daily Chart: Slight Decline in Bitcoin Price Amid Weak Technical Indicators:


Bitcoin (BTC) is trading between $66,000 and $67,000 amid slight bearish momentum. The price remains below the converging exponential moving averages (EMAs) of 50, 100, and 200 days, all trending downward to limit upward movement. Continued resistance at the downtrend line maintains pressure on the overall market structure.
Meanwhile, the (MACD) indicator is below the daily chart's signal line, indicating ongoing bearish momentum. The (RSI) stands at 43 points, in a bearish zone below 50 on the same chart, but avoiding oversold territory, which suggests a gradual correction rather than a collapse.

Daily Chart of BTC/USDT Pair

Immediate support for Bitcoin is near $66,000, the last closing level. If broken, a subsequent downside zone around $65,000 will be revealed, where previous lows are clustered. If the price drops below that, the next logical support level could be $62,300. On the upside, initial resistance lies between $68,300 and $68,500, followed by the 50-day exponential moving average around $70,800. A daily close above $71,800 is required to test the 100-day exponential moving average at $76,409.
$BTC
BTC-1,69%
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Before00zerovip
· 6h ago
The price of Bitcoin dropped below $67,000, as risk aversion caused by the war affected the overall market.
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