{"id":624944,"date":"2024-06-17T04:28:09","date_gmt":"2024-06-17T04:28:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624944"},"modified":"2024-06-17T04:26:33","modified_gmt":"2024-06-17T04:26:33","slug":"bitcoin-price-decline-65k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-decline-65k\/","title":{"rendered":"Bitcoin Price Decline Continues: Lower Targets in Sight"},"content":{"rendered":"<p><em>Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to climb above $67,000 and started another decline.<\/li>\n<li>The price is trading below $66,800 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could continue to move down and even trade below the $65,500 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Resumes Decline<\/h2>\n<p>Bitcoin price struggled to climb above the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bears-66k\/\" target=\"_blank\" rel=\"noopener \">$67,000 resistance zone<\/a>. BTC remained in a bearish zone and started a fresh decline from the $66,868 high. There was a move below the $66,500 level.<\/p>\n<p>Besides, there was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC\/USD pair. The pair traded below the 23.6% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high.<\/p>\n<p>Bitcoin is now trading below $66,800 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rejects-70k-2\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. It seems like the price might soon test the 50% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high.<\/p>\n<p>On the upside, the price is facing resistance near the $66,500 level and the 100 hourly Simple moving average. The first major resistance could be $66,850. The next key resistance could be $67,000. A clear move above the $67,000 resistance might start a decent increase and send the price higher.<\/p>\n<figure id=\"attachment_624945\" aria-describedby=\"caption-attachment-624945\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-624945 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-624945\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>In the stated case, the price could rise and test the $66,000 resistance. Any more gains might send BTC toward the $68,500 resistance in the near term.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to climb above the $66,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $66,000 level.<\/p>\n<p>The first major support is $65,750. The next support is now forming near $65,500. Any more losses might send the price toward the $65,000 support zone in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $66,500, followed by $65,000.<\/p>\n<p>Major Resistance Levels \u2013 $66,500, and $67,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone. Bitcoin failed to climb above $67,000 and started another decline. The price is trading below $66,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could continue to move down and even trade below the $65,500 support zone. Bitcoin Price Resumes Decline Bitcoin price struggled to climb above the $67,000 resistance zone. BTC remained in a bearish zone and started a fresh decline from the $66,868 high. There was a move below the $66,500 level. Besides, there was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC\/USD pair. The pair traded below the 23.6% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high. Bitcoin is now trading below $66,800 and the 100 hourly Simple moving average. It seems like the price might soon test the 50% Fib retracement level of the upward move from the $65,075 swing low to the $66,868 high. On the upside, the price is facing resistance near the $66,500 level and the 100 hourly Simple moving average. The first major resistance could be $66,850. The next key resistance could be $67,000. A clear move above the $67,000 resistance might start a decent increase and send the price higher. In the stated case, the price could rise and test the $66,000 resistance. Any more gains might send BTC toward the $68,500 resistance in the near term. More Losses In BTC? If Bitcoin fails to climb above the $66,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $66,000 level. The first major support is $65,750. The next support is now forming near $65,500. Any more losses might send the price toward the $65,000 support zone in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $66,500, followed by $65,000. Major Resistance Levels \u2013 $66,500, and $67,000.<\/p>\n","protected":false},"author":67,"featured_media":624946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-624944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Decline Continues: Lower Targets in Sight<\/title>\n<meta name=\"description\" content=\"Bitcoin price started another decline from the $66,850 resistance zone. 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