Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Despite recent moves, Bitcoin price remains risky and indicators are turning bearish.
EXCHANGE NEWS

Despite recent moves, Bitcoin price remains risky and indicators are turning bearish.

By Crypto FlexsJune 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Despite recent moves, Bitcoin price remains risky and indicators are turning bearish.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price extended its decline and traded below the $64,500 level. BTC is adjusting its losses, but the bears are still in control and targeting more losses.

  • Bitcoin continued its downward trend, trading below $64,500.
  • The price is trading below $65,500 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting trendline forming resistance at $65,400.
  • The pair remains at risk of further downside below the $64,000 support.

Bitcoin price falls further

Bitcoin price continued its downward trend after settling below the $66,500 resistance zone. BTC extended losses and traded below the $65,000 level. It also fell below $64,500.

The low was formed at $64,050 and the price is currently correcting losses. There was some recovery above the $64,500 level. Prices crossed the 23.6% Fib retracement level of the bearish wave from the $67,255 swing high to the $64,050 low.

Bitcoin is currently trading below $65,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair, there is also a connecting trend line forming resistance at $65,400.

On the other hand, the price is finding resistance near the $65,500 level and the trend line. The first major resistance could be $65,650 or the 50% Fib retracement level of the downside wave from the $67,255 swing high to the $64,050 low. The next major resistance could be $66,000.

Source: TradingView.com BTCUSD

A clear break above the $66,000 resistance could initiate a significant rally and push the price higher. If indicated, the price could move higher and test the $66,500 resistance. Further gains could push BTC towards $67,500 resistance in the near term.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $65,400 resistance zone, another decline could begin. Immediate support for the downside is near the $64,800 level.

The first major support is at $64,200. The next support is currently forming near $64,000. More losses could lead the price towards the $63,200 support area in the near term.

Technical indicators:

Hourly MACD – MACD is now losing speed in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now close to the 50 level.

Key support levels – $64,500, then $64,000.

Key resistance levels – $65,400 and $66,000.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

3 Reasons Why Bitcoin Traders Expect BTC Price to Hit $100,000+ by 2025

August 14, 2024

Slerf Strengthens Project Governance with DAO Voting for SLERF NFT Holders

August 17, 2024

The Sandbox (SAND) joins hands with Food Angel to launch ‘Food Rescue World’

June 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.