CryptoIntelligence 2024-06-18 13:35:52

Bitcoin Falls to One-Month Low as Traders Set New BTC Price Targets Amid Market Turmoil

Bitcoin Falls to One-Month Low as Traders Set New BTC Price Targets Amid Market Turmoil

Bitcoin has dropped to one-month lows, prompting traders to set new BTC price targets as concerns about falling below $60,000 grow. On June 14, Bitcoin experienced a 3.5% dip, bringing BTC/USD to $64,950 on Bitstamp. This move extended the week-to-date losses to over 6.7%, marking the lowest levels since mid-May, according to data from Cointelegraph Markets Pro and TradingView. “Bitcoin just lost technical support at the 50-Day Moving Average,” stated Keith Alan, co-founder of Material Indicators, in his market coverage on X. “If bulls lose support at $65k, be prepared for $60k or lower.” Despite $65,000 holding, some traders are

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