Bitcoin Price 10% Selloff Sparks Fears Of A Deeper Breakdown
Summary
Bitcoin fell sharply after losing the $70,000 and $68,000 support zones, sliding below $65,000 and briefly under $63,200 to a low near $62,490. It now trades below the 100-hour moving average and shows bearish momentum, with RSI below 50 and MACD weakening. If BTC holds above $62,000, it could attempt a rebound toward $63,500 and $64,000, then possibly $65,000 and $66,500. A rejection near $64,000–$65,200 could trigger another drop. Key support lies at $62,000, then $61,200, $60,500, and the main $60,000 level.
