Bitcoin drops to $63,350-$63,400 range
Bitcoin has broken below the key $64,000 level, with prices currently trading around $63,350-$63,400.
The short-term structure has turned more bearish, with Bitcoin futures breaking below their developing value area.
The daily BTCUSD spot chart is slipping beneath its rising pitchfork channel, remaining below the important $64,000 value pivot.
Buyers now have some technical repair work to do, with key support levels to watch including $63,300, $63,725, $62,865, and $62,900.