BTC is being put to the test at $63,000 — will it hold or break?
Bitcoin is currently around $63,700, down 6.6% in 24 hours, after hitting a low of $63,320. In just 3 days, BTC has shed $11,000, breaking below $70,000 and then $65,000. This is a key demand zone: $63,000 is where the price consolidated in August before breaking out.
Nearest support: $63,450–$63,900. If this zone gives way, the next levels are $62,000, then $60,000. Overhead resistance: $65,000, followed by $67,400 and $70,000 — a former support zone that has now turned into resistance.
The 14-day RSI is down to just 21.3 — deep in oversold territory. Total market liquidations exceeded $2 billion in 24 hours, with nearly $600 million in BTC futures alone. The Fear & Greed Index is at 13 — Extreme Fear.
Today's biggest loser: $ELF, down 19.68% to ~$0.0445.
Next week: the Fed meeting minutes, U.S. retail sales, and Nvidia's earnings report will shape expectations for a rate hike in December.
Do you think $63,000 will hold, or will BTC drop to $60,000? 👇
This is market information only, not investment advice.
#Bitcoin #CryptoNews #BTC
Bitcoin is currently around $63,700, down 6.6% in 24 hours, after hitting a low of $63,320. In just 3 days, BTC has shed $11,000, breaking below $70,000 and then $65,000. This is a key demand zone: $63,000 is where the price consolidated in August before breaking out.
Nearest support: $63,450–$63,900. If this zone gives way, the next levels are $62,000, then $60,000. Overhead resistance: $65,000, followed by $67,400 and $70,000 — a former support zone that has now turned into resistance.
The 14-day RSI is down to just 21.3 — deep in oversold territory. Total market liquidations exceeded $2 billion in 24 hours, with nearly $600 million in BTC futures alone. The Fear & Greed Index is at 13 — Extreme Fear.
Today's biggest loser: $ELF, down 19.68% to ~$0.0445.
Next week: the Fed meeting minutes, U.S. retail sales, and Nvidia's earnings report will shape expectations for a rate hike in December.
Do you think $63,000 will hold, or will BTC drop to $60,000? 👇
This is market information only, not investment advice.
#Bitcoin #CryptoNews #BTC
