Bitcoin breaks critical support as dollar and oil move together, raising risk of a deeper drop
CryptoSlate
Bitcoin has fallen below key support levels as rising dollar and oil prices pressure liquidity, increasing the risk of further declines.Summary
Bitcoin recently failed to maintain critical support levels, dropping from the $68,000–$69,000 range to approximately $66,400. This breakdown, occurring alongside a strengthening U.S. dollar and rising oil prices, has weakened the asset's near-term structure. To regain bullish momentum, Bitcoin must reclaim the $66,894 and $67,995 levels; otherwise, it faces the risk of testing deeper support zones near $61,726.
(Source：CryptoSlate)