High
Bitcoin has failed to hold above $68,800 and is now trading below $67,000 and the 100 hourly simple moving average. key support levels have been breached, and technical indicators (macd and rsi) are showing bearish momentum, indicating potential for further significant declines towards $65,000 and possibly $62,750.
High
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Bearish
The price action is consistently moving lower, breaking below critical support levels ($68,000, $67,000, $65,500) and forming a bearish trend line. technical indicators (macd gaining pace in the bearish zone, rsi below 50) reinforce the likelihood of further downward movement if btc fails to reclaim resistance levels at $67,500 and $68,000.