Will BTC Extend Losses Below $65K After Today’s 3% Decline?
Bitcoin (BTC) declined roughly 3.3% to trade near $66,500, facing strong selling pressure and approaching the key $65,000 support level. The daily chart shows a persistent downtrend with lower highs and lower lows, as BTC remains below declining moving averages. Broader cryptocurrencies like ETH and XRP also fell, reflecting a risk-off sentiment ahead of key U.S. economic data. Technical indicators, including RSI and Bollinger Bands, signal continued bearish momentum. If selling persists, support lies at $65,000, then near $60,800. Resistance is at $70,600. A close below $65,000 could shift focus toward the $60,000–$61,000 zone.
TheNewsCrypto02/18 17:01