RSI fell below 23, and Bitcoin broke its weekly trendline and dropped near $67,200. $BTC

The weekly trendline had been protecting the uptrend recently, but it has now broken. An RSI below 23 means momentum is very weak.

Meanwhile, outflows from exchange-traded funds continue, putting pressure on buyers. The support level the market is watching now is $66,000, and there is no confirmation yet that it will hold.

If withdrawals continue, $66,000 could approach faster. If they stop, the price may return to test $67,200 again.

Watch $66,000: it’s the dividing line between market consolidation and another wave of pressure.

Will $66,000 hold, or will it break before the price returns to $67,200? 👇

#Bitcoin #ETF

This content is for informational purposes only and is not financial advice.

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