Bitcoin faces downside risk below $65,239 as analysts eye $60,000 support
Bitcoin stays under $65,239, with analysts looking at a $60,000 support test. Immediate support is at $63,268, while $67,000–$68,000 acts as resistance before potential decline. The monthly fair value gap between $67,000 and $72,000 could influence short-term moves in $BTC. Bitcoin traders await a clear breakout or breakdown before making new moves.
Bitcoin stays under $65,239, with analysts looking at a $60,000 support test. Immediate support is at $63,268, while $67,000–$68,000 acts as resistance before potential decline. The monthly fair value gap between $67,000 and $72,000 could influence short-term moves in $BTC. Bitcoin traders await a clear breakout or breakdown before making new moves.
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Bitcoin's struggle to maintain above key resistance levels indicates potential downside risk, which may prompt traders to sell.
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