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CryptoIntelligence 2024-06-23 13:21:12

Bitcoin Drops Below $64,000: Potential Further Decline to $60,000 Amid Market Volatility

Bitcoin Drops Below $64,000: Potential Further Decline to $60,000 Amid Market Volatility

Bitcoin recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post. “Falling under this threshold suggests a potential 8%-12% correction toward $60K,” CryptoQuant added, a level not broken since May 3 when Bitcoin was trading at $59,122, according to CoinMarketCap data. On June 22, Bitcoin’s recent decline saw it drop 2% to $63,442, falling below the short-term holder realized price (STH-RP)

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