{"id":2527,"date":"2024-06-11T13:30:52","date_gmt":"2024-06-11T13:30:52","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-crash-below-67000-sends-market-spiraling-here-are-the-levels-to-watch\/"},"modified":"2024-06-11T13:30:52","modified_gmt":"2024-06-11T13:30:52","slug":"bitcoin-crash-below-67000-sends-market-spiraling-here-are-the-levels-to-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/zh_tw\/bitcoin-crash-below-67000-sends-market-spiraling-here-are-the-levels-to-watch\/","title":{"rendered":"Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch"},"content":{"rendered":"

\"(\u300a\u4e16\u754c\u4eba\u6743\u5ba3\u8a00\u300b) new week has been quite bearish for bitcoin<\/a>, with the price witnessing major crashes below multiple support levels. After losing its footing above $71,000, it has plunged further below $67,000, signaling the start of a downtrend. Amid the uncertainty, a crypto analyst has presented the important levels to watch as Bitcoin makes it descent, showing a possible direction for the price.<\/p>\n

Bitcoin Enters Sideways Consolidation<\/h2>\n

In an analysis on the TradingView platform, crypto analyst Bitcoin Signals revealed some important developments for the Bitcoin price. The first observation is the fact that the coin has entered a consolidation zone on the 4-hour chart. This consolidation is currently taking place between $67,000 and $72,000<\/a>, an area that the price is currently skirting around.<\/p>\n

As a result of this development, the crypto analyst believes that short-term correction is forming for the cryptocurrency. This is behind the drop in price, and since then, the BTC price<\/a> has broken down below important support levels such as $69,200, and on Tuesday morning, bears were able to pull the price below $67,000 after breaking below the support zone of $67,200 identified by Bitcoin Signals in the analysis.<\/p>\n

The crypto analyst further pointed out that the price could continue to move inside this range, which is where the correction is forming. However, there has been a falling wedge pattern that has been forming through the breakdown. According to the analyst, this could see the Bitcoin price break out<\/a> of the $69,200 resistance once again and make another run for $72,000.<\/p>\n

Based on the analysis, the crypto analyst believe that the price could continue to correct downward unless it\u2019s able to break resistance at $72,000. Bitcoin Signals based this on the \u201ccurrent market structure and price behavior following a clear breakout on the long-term chart,\u201d suggesting a continuation of the decline.<\/p>\n

BTC Price On The Charts<\/h2>\n

Selling pressure is currently dominating the Bitcoin price<\/a>, as evidenced by the direction of the cryptocurrency while seeing an uptick in major metrics. For example, CoinMarketCap data shows that the daily trading volume of BTC is up 89.85% in the last day. However, with the price going down, it suggests that this increase in volume is being caused by sellers rather than buyers.<\/p>\n

In the last 24 hours, the Bitcoin price has seen an almost 4% decline in price<\/a>, falling to the $66,700 territory. This has eliminated the majority of its gains from last week as the weekly chart shows a 3% decline. It has fallen to its lowest level in June, putting it on par with the May 2024 crash.<\/p>","protected":false},"excerpt":{"rendered":"

The new week has been quite bearish for bitcoin, with the price witnessing major crashes below multiple support levels. After losing its footing above $71,000, it has plunged further below $67,000, signaling the start of a downtrend. Amid the uncertainty, a crypto analyst has presented the important levels to watch as Bitcoin makes it descent, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2527","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"\nBitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/zh_tw\/bitcoin-crash-below-67000-sends-market-spiraling-here-are-the-levels-to-watch\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The new week has been quite bearish for bitcoin, with the price witnessing major crashes below multiple support levels. 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