Bitcoin Price Falls To $67,000 And Breaks The Map For Bulls—Here’s What Happens Next
Summary
Bitcoin slid to about $67,289, its lowest level since April, weakening sentiment and putting bulls under pressure. The drop is broad-based, with Bitcoin down roughly 6% in 24 hours, 15% over the month, and about 47% below last year’s peak near $126,000. Technical analysts say it has broken key supports, including channel support, the 100-day SMA, and the 0.5 Fibonacci level near $71,300, raising the odds of a move toward $65,000. Some bearish forecasts are much deeper, projecting a sequence of declines toward $61,000, $58,000, $55,000, and possibly $48,000 by September. A few traders still expect a short-term rebound toward $74,000, but the overall tone remains cautious and bearish.
