Coinidol.com: Bitcoin Slumps Below the $68,000 Barrier

Bitcoin's (BTC) price has fallen below the moving average lines but remains above the $65,000 support level.

Key supply zones: $120,000, $125,000, $130,000

Key demand zones: $90,000, $85,000, $80,000

The price of Bitcoin has dropped below the horizontal moving average lines, while the 21-day SMA remains above the 50-day SMA, indicating a previous price increase. The 4-hour chart shows the cryptocurrency price below the downward-sloping moving average lines, reflecting the current decline. At present, the rising trend is confined between the moving average lines.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.