5h ago
Bitcoin Slips Under $66,000 Ahead of Weekly Close as Analysts Flag More Downside
Bitcoin fell more than 7% intraday on Friday to a three-week low of $65,700, dipping below $66,000 as traders looked toward the upcoming weekly close. Analysts said a loss of the current range and the 200-week EMA could open a move toward $60,000-$62,000, while separate historical models were cited as pointing to a potential 30%-45% drawdown. At the time of writing, BTC was trading around $65,600, down 6% on the week.