Bitcoin Under Pressure: Will BTC Price Stay at $66,000?


Dealing with money Bitcoin Increasingly as major powers continue to tighten markets. Cheap price BTC against the dollar recently in the region $66,000recording a decrease of 3.5% in the last 24 hours, as the bears anticipate a possible drop to a critical level. $64,000 If the current levels fail to hold.

Dangerous goods were the focus of the US President’s speech Donald Trump focused on the brand, which left the markets in a state of confusion rather than encouragement. Trump’s rhetoric on the conflict with Iran, his talk of power plants, a two- to three-week war period, and criticism of NATO, failed to provide the relief that traders were hoping to buy.

The economic analysis platform showed Kobeissi’s letter However, the speech did not bring anything new, saying: “Between threatening Iran’s electricity, saying that Iran’s war will continue for another 2-3 weeks, and criticizing NATO, there was nothing new.”

I signed up Bitcoin Intraday lows were near $65,000 immediately after the news, posting daily losses of around 4% before recovering slightly. Gold and stock prices fell at the same time, in a risky move.

Meanwhile, the US dollar is looking to break a new annual high, while oil prices are rising due to the same geopolitical signals. In the past, this combination has been difficult for Bitcoin, as … The association between BTC and high risk of eating disorders is growing At the wrong time.

Will BTC price reach $66,000 or is there a new low?

The technical picture shows signs of damage; Relative Strength Index (RSI) settles at 45, which looks neutral but is on the downside. In contrast, the 50-day simple moving average (SMA) has been suppressed to $70,700, while the 200-day SMA is at $84,700. Even though the daily chart has turned into a “strong sell” zone, the RSI indicator is still avoiding oversold areas.

The resistance that follows this motion is concentrated in the center of the circuit $67,000 and $69,000These are groups that have failed multiple attempts at recovery. Bitcoin has rejected the $69,000 level once this week. Under the current levels, the current target is $64,000 as the lowest indicator for the current week, and the long-term line from 2017 below this level, which can serve as the last support before the collapse of the system.

A trader on TradingView summed up the situation clearly: “Many people are turning to Bitcoin, but I don’t think it’s time to be pessimistic.” It seems that opposition from both parties (bulls and bears) is weak, and remains so Oil contract with Bitcoin It’s a very important factor that can decide what’s going on.

Promising opportunities for construction projects even to try to help

Although the price of Bitcoin may fall, the layers that are being built on top of the Internet attract capital that is not sensitive to temporary price movements. If the bottom layer of Bitcoin is a store of value, the competition is now on the construction layer installation.

Project analysis Bitcoin Hyper ($HYPER) On this road, it is described as the first Phase 2 of Bitcoin including the Solana Virtual Machine (SVM). This service aims to provide faster speeds than Solana, and take advantage of the strong security of the Bitcoin network.

The pre-sale of the project managed to raise more than 32 million At the current price of $0.0136offering savings bonuses up to 36% per annum (APY). The main infrastructure includes a permanent bridge to transfer Bitcoin and execute smart contracts very quickly, in order to overcome the limitations of Bitcoin: slow verification, high fees, and lack of software.

As economic volatility reduces the return on capital investment, early stage projects that offer real technological differentiation are beginning to attract business attention.

For traders who want to find out more: You can search for the Bitcoin Hyper project here.

This article does not provide financial advice. Digital assets are highly volatile, so please do your research before investing.

A note Bitcoin Under Pressure: Will BTC Price Stay at $66,000? appeared for the first time Cryptonews Arabic.





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