Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Losses widen due to increased sales pressure
EXCHANGE NEWS

Losses widen due to increased sales pressure

By Crypto FlexsJune 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Losses widen due to increased sales pressure
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price extended losses and traded below the $65,000 level. BTC is showing signs of weakness and losses may widen below the $64,600 level.

  • Bitcoin continued its downward trend, trading below $65,000.
  • The price is trading below $66,000 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 $67,500.
  • The pair may continue to decline and may even trade below the $64,500 support zone.

Bitcoin price decline extends

Bitcoin price struggled to recover above the $66,500 resistance zone. BTC remained in bearish territory and began a new decline from its high of $67,256. There was a move below the $66,500 level.

There was a clear move below the $65,500 and $65,000 support levels. The last tested price was $64,600. The low was formed at $64,611 and the price is currently consolidating losses. There was a slight increase above the $65,000 level. The price broke above the 23.6% Fib retracement level of the downward move from the $67,256 swing high to the $64,611 low.

Bitcoin is currently trading below $66,000 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 $67,500.

On the upside, the price is facing resistance near the $66,000 level or the 50% Fib retracement level of a downward move from the $67,256 swing high to the $64,611 low. The first major resistance could be at $66,250. The next major resistance could be $66,500.

Source: TradingView.com BTCUSD

A clear break above the $66,500 resistance could initiate a significant rally and push the price higher. If stated, the price could move higher to test the $67,500 resistance. Further gains could push BTC towards $68,500 resistance in the near term.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $66,000 resistance zone, it may continue to fall. Immediate support for the downside is near the $65,000 level.

The first major support is $64,600. The next support is currently forming near $64,500. More losses could lead the price towards the $63,200 support area in the near term.

Technical indicators:

Hourly MACD – MACD is now picking up speed in bearish territory.

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

Key support levels – $65,000, $64,500.

Key resistance levels – $66,000 and $66,500.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) -It is not damaged, but there is no fireworks that can be moved yet.

July 2, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 2025

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

The Complete Guide to Crypto Website Listing Directories

July 5, 2025

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 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

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025
Most Popular

SHIB, PEPE & DOGE is leading the pack with Memecoin Rally.

March 26, 2025

Start a bitcoin mining machine using Ripple (XRP) and earn $ 6,950 a day.

February 17, 2025

Is the US PPI a surge in 2.4%, Bitcoin and Altcoin?

May 16, 2025
  • 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.