Coinz4U Coinz4U
  • News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Cardano News
    • Exchange News
    • Metaverse News
  • Market
    • Price Analysis
    • Price Prediction
    • Ripple
    • Technology
  • Investing
  • Featured Coins
    • Meme Coin
    • Top Coins
    • Stablecoins
    • Airdrops
    • Casino
  • Finance News
  • Press Release
Reading: Bitcoin Falling Below $68K, Analysts Warn of Further Decline
Share
Font ResizerAa
Search
  • News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Cardano News
    • Exchange News
    • Metaverse News
  • Market
    • Price Analysis
    • Price Prediction
    • Ripple
    • Technology
  • Investing
  • Featured Coins
    • Meme Coin
    • Top Coins
    • Stablecoins
    • Airdrops
    • Casino
  • Finance News
  • Press Release
Have an existing account? Sign In
Follow US
© 2024. Coinz4u. All Rights Reserved.
Bitcoin News

Bitcoin Falling Below $68K, Analysts Warn of Further Decline

Ali Raza Published March 18, 2025
Bitcoin Falling Below $68K, Analysts Warn of Further Decline

Bitcoin Falling Below Analysts: During the Asia trading day on June 11th, the price of Bitcoin (BTC) fell below $68,000, re­inforcing the downward pressure on the cryptocurrency. More losses are on the horizon, according to analysts, who are predicting a possible decline to $60,000. TradingView said Bitcoin hit a 24-hour low of almost $66,800, a fall of 3.88%, contributing to the gloomy sentiment.

Contents
Bearish Signals Break $69K SupportWill Bulls Defend $65,000?

Weak order book liquidity and the failure of the crucial support level at $69,000 contributed to the decline. Market watchers are mainly worried about what’s known as “bid liquidity,” or the absence of significant purchasing pressure. Material Indicators co-founder Keith Alan has updated his YouTube channel to draw attention to the lack of purchasing power:

Bearish Signals Break $69K Support

MateSupportdicators’ additional technical analysis points to a negative future. Due to its price decline, Bitcoin Falling Below Analysts has just rejected the $69,000 support level and the 21-day moving average, two important short-term trend indicators. According to the research, there was a rejection of both the R/S Flip at $69k and the Support at the Support Moving Average. “This is just the beginning. I anticipate these killer whale games persist through Wednesday’s remarks by JPow and Thursday’s economic releases.

Bearish Signals Break $69K Support

Upcoming releases of US economic data can cause Bitcoin and the crypto market to undergo turbulence this week. The Federal Reserve’s interest rate announcement, Jerome Powell’s press conference, the Consumer Price Index (CPI), and the Producer Price Index (PPI) are important events to watch. Skew, a well-known trader, offered his thoughts on the link between the two. While the FOMC caused local lows, he pointed out that CPI and PPI have been near the top of their ranges. The next several days, according to Ske­w, will be exciting.

Will Bulls Defend $65,000?

Will Bulls Defend $65,000?

Although the price may fall to $60,000, some analysts maintain a cautiously optimistic outlook. Cre­dible Crypto, an additional famous trader, says that the actions of large-volume traders may prevent a steeper decrease in the cryptocurrency’s price. Specifically, he draws attention to the fact that “spot absorption” on dips indicates purchasing demand even at lower price points.

Additionally, he noted the rapid withdrawal of sell orders (resistance) at $72,000 after the price improved. The fact that this is the case shows that certain whales may be manipulating the market in a planned manner. Credible Bitcoin Falling Below Analysts believe that there is a reasonable possibility that we will reach range lows, which are between $62,000 and $65,000, and then reverse. Although there is no guarantee, we should know the situation within the next twenty-four hours based on the price activity.

TAGGED:Bitcoin crypto marketBitcoin Falling Below Analysts
Share This Article
Facebook Twitter Email Copy Link Print
By Ali Raza
Follow:
An enigmatic character in the crypto community, Ali Raza has written extensively about the coinz4u and all its facets. Some think he's a hacker, while others think he's a trader. His words have the power to shift markets, and his writing is like a key that unlocks the mysteries of the crypto world. The tales told by Edyme are like enigmas in a cryptography book. But at his core, who is he? Like the renowned Satoshi Nakamoto, some think he's using a pseudonym.
Previous Article Meme Index The Rise of Meme Index in the Meme Coin Market
Next Article Analyst Explains Why Tether's Gold-Backed Stablecoin Is Brilliant Analyst Explains Why Tether’s Gold-Backed Stablecoin Is Brilliant
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Popular News
Stellar (XLM) to USD live price
Stellar (XLM) to USD Live Price, Market Trends & Future Outlook
AAVE live price
AAVE Live Price, Market Cap & DeFi Role Explained
Altcoin Season 2025
Altcoin Season 2025: Key Charts Reveal a Crypto Market Shift
Altcoin Season 2025
Altcoin Season 2025: Ethereum, XRP, Remittix, Dogecoin Outlook
Metaplanet Bitcoin purchase
Metaplanet Buys $126M in Bitcoin, Surpasses El Salvador’s Holdings
- Advertisement -

You Might Also Like

Metaplanet Bitcoin purchase
Bitcoin News

Metaplanet Buys $126M in Bitcoin, Surpasses El Salvador’s Holdings

May 12, 2025
Bitcoin kidnappings
Bitcoin News

Rising Threat of Bitcoin Kidnappings: Crypto Investors Targeted

May 5, 2025
Bitcoin to $1 million by 2028
Bitcoin News

BTC Price Predictions Hit $1 Million: Best Crypto to Buy

May 5, 2025
Bitcoin Ethereum Ripple price predictions
Bitcoin News

Bitcoin, Ethereum, and Ripple Price Predictions for 2025

April 28, 2025
Kiyosaki silver investment
Bitcoin News

Kiyosaki Shifts Focus to Silver Over Bitcoin in 2025 Strategy

April 23, 2025
Bitcoin market decline
Bitcoin News

Bitcoin Market Faces Sharp Decline Due to Institutional Sell-Off

April 21, 2025
Bitcoin News

Strategy Expands Bitcoin Holdings to 531,644 BTC Amid Bold

April 15, 2025
Chinese Yuan Strengthens Against US Dollar: Why?
Bitcoin News

Chinese Yuan Strengthens Against US Dollar Amid Currency Shifts

April 9, 2025
New UK Economic Secretary Facing ‘Crypto Crackdown’ Questions
Bitcoin News

Keir Starmer’s Labour Government Plans Crypto Regulation

April 6, 2025
Bitcoin Rise After CPI, Lisa Cook Expects Soft Fed Rate Cuts?
Bitcoin News

Bitcoin Rise After CPI, Lisa Cook Expects Soft Fed Rate Cuts?

April 5, 2025
Show More

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Pinterest
Coinz4U
With Coinz4u - Get the latest cryptocurrency news and in-depth analysis. Stay updated on Bitcoin, Ethereum, and the crypto market trends in real time.
Advertise Coinz4u

Advertise With Us​

Email: advertise@coinz4u.com

Quick Links

  • Advertise With Us
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Reading: Bitcoin Falling Below $68K, Analysts Warn of Further Decline
Share

Trending Posts

Stellar (XLM) to USD Live Price, Market Trends & Future Outlook
May 20, 2025
AAVE Live Price, Market Cap & DeFi Role Explained
May 20, 2025
Altcoin Season 2025: Key Charts Reveal a Crypto Market Shift
May 14, 2025
Altcoin Season 2025: Ethereum, XRP, Remittix, Dogecoin Outlook
May 14, 2025
© 2024 Coinz4u.com. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?