BTC struggles just below the 200-week moving average 📉
Bitcoin is trading around $67,000 after briefly falling to $66,456 overnight — its lowest level since August — and remains below the 200-week moving average (~$67,900). The daily RSI is down to around 23–24, its most deeply oversold level since early June, while the Fear & Greed Index stands at 13 (Extreme Fear).
Nearest resistance: $67,900 (200-week moving average), followed by $70,200 and $72,000. Support: $66,450 (last night's low), followed by $65,000 and $62,750 (August low). Base-case scenario: trading sideways between $66,000–$68,500 amid thin weekend liquidity.
Latest news: Bitcoin mining difficulty just fell 9.13% to 134.82T — its biggest drop since June. The U.S. Treasury is developing a custody framework for a reserve of 198,000–328,000 BTC.
As the market burns red, $KITE is a rare bright spot: up 6.58% in 24 hours to around $0.13 and up 18.3% for the week — a token from a Layer 1 blockchain for the AI agent economy.
Do you think BTC will reclaim $67,900 before the weekly candle closes, or will there be another sweep down to $65,000? 👇
#CryptoNews #Bitcoin #BTC #KITE
This is market information only, not investment advice.
Bitcoin is trading around $67,000 after briefly falling to $66,456 overnight — its lowest level since August — and remains below the 200-week moving average (~$67,900). The daily RSI is down to around 23–24, its most deeply oversold level since early June, while the Fear & Greed Index stands at 13 (Extreme Fear).
Nearest resistance: $67,900 (200-week moving average), followed by $70,200 and $72,000. Support: $66,450 (last night's low), followed by $65,000 and $62,750 (August low). Base-case scenario: trading sideways between $66,000–$68,500 amid thin weekend liquidity.
Latest news: Bitcoin mining difficulty just fell 9.13% to 134.82T — its biggest drop since June. The U.S. Treasury is developing a custody framework for a reserve of 198,000–328,000 BTC.
As the market burns red, $KITE is a rare bright spot: up 6.58% in 24 hours to around $0.13 and up 18.3% for the week — a token from a Layer 1 blockchain for the AI agent economy.
Do you think BTC will reclaim $67,900 before the weekly candle closes, or will there be another sweep down to $65,000? 👇
#CryptoNews #Bitcoin #BTC #KITE
This is market information only, not investment advice.
