{"id":49057,"date":"2024-06-17T05:57:01","date_gmt":"2024-06-17T05:57:01","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/06\/17\/bitcoin-price-decline-continues-lower-targets-in-sight\/"},"modified":"2024-06-17T05:57:01","modified_gmt":"2024-06-17T05:57:01","slug":"bitcoin-price-decline-continues-lower-targets-in-sight","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/06\/17\/bitcoin-price-decline-continues-lower-targets-in-sight\/","title":{"rendered":"Bitcoin Price Decline Continues: Lower Targets in Sight"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Bitcoin value began one other decline from the $66,850 resistance zone. BTC is once more transferring decrease and would possibly even decline under the $65,500 help zone.<\/em><\/p>\n<ul>\n<li>Bitcoin did not climb above $67,000 and began one other decline.<\/li>\n<li>The value is buying and selling under $66,800 and the 100 hourly Simple transferring common.<\/li>\n<li>There was a break under a connecting bullish pattern line with help at $66,500 on the hourly chart of the BTC\/USD pair (information feed from Kraken).<\/li>\n<li>The pair might proceed to maneuver down and even commerce under the $65,500 help zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Resumes Decline<\/h2>\n<p>Bitcoin value struggled to climb above the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-bears-66k\/\" target=\"_blank\" rel=\"noopener\">$67,000 resistance zone<\/a>. BTC remained in a bearish zone and began a recent decline from the $66,868 excessive. There was a transfer under the $66,500 stage.<\/p>\n<p>Besides, there was a break under a connecting bullish pattern line with help at $66,500 on the hourly chart of the BTC\/USD pair. The pair traded under the 23.6% Fib retracement stage of the upward transfer from the $65,075 swing low to the $66,868 excessive.<\/p>\n<p>Bitcoin is now buying and selling under $66,800 and the <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rejects-70k-2\/\" target=\"_blank\" rel=\"noopener\">100 hourly Simple moving average<\/a>. It looks like the value would possibly quickly take a look at the 50% Fib retracement stage of the upward transfer from the $65,075 swing low to the $66,868 excessive.<\/p>\n<p>On the upside, the value is going through resistance close to the $66,500 stage and the 100 hourly Simple transferring common. The first main resistance may very well be $66,850. The subsequent key resistance may very well be $67,000. A transparent transfer above the $67,000 resistance would possibly begin a good improve and ship the value greater.<\/p>\n<figure id=\"attachment_624945\" aria-describedby=\"caption-attachment-624945\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461\"><img decoding=\"async\" class=\"wp-image-624945 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/06\/Bitcoin_1b597a.png?resize=1024%2C461?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/a><figcaption id=\"caption-attachment-624945\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>In the acknowledged case, the value might rise and take a look at the $66,000 resistance. Any extra positive factors would possibly ship BTC towards the $68,500 resistance in the close to time period.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to climb above the $66,500 resistance zone, it might proceed to maneuver down. Immediate help on the draw back is close to the $66,000 stage.<\/p>\n<p>The first main help is $65,750. The subsequent help is now forming close to $65,500. Any extra losses would possibly ship the value towards the $65,000 help zone in the close to time period.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining tempo in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now under the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $66,500, adopted by $65,000.<\/p>\n<p>Major Resistance Levels \u2013 $66,500, and $67,000.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-decline-65k\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin value began one other decline from the $66,850 resistance zone. BTC is once more transferring decrease and would possibly even decline under the $65,500 help zone. Bitcoin did not climb above $67,000 and began one other decline. The value is buying and selling under $66,800 and the 100 hourly Simple transferring common. There was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[20,241,715,110,1364,653],"class_list":{"0":"post-49057","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bitcoin","9":"tag-continues","10":"tag-decline","11":"tag-price","12":"tag-sight","13":"tag-targets"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/49057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=49057"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/49057\/revisions"}],"predecessor-version":[{"id":49058,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/49057\/revisions\/49058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/49059"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=49057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=49057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=49057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}