Bitcoin fell to $65,362, nearing March’s $64,955 low, as sellers dominate below critical moving averages and resistance zones.
Bitcoin dropped to $65,362 today, approaching the March 26 swing low of $64,955, as sellers maintain control below key technical levels. The cryptocurrency failed to break above the 200-day moving average in May, triggering a steady decline over recent weeks.
The price broke below a critical swing area between $73,211 and $73,825 and the 100-day moving average, both now acting as resistance. A sustained move below $64,955 could target the February low of $59,957, marking the weakest level since October 2024.
For now, sellers remain in charge, but the $64,955 support level is pivotal. A break below it would reinforce a bearish outlook, while reclaiming resistance zones could shift momentum back to buyers.