BTC Drops Below $68K as Fibonacci Levels Near $64.5K and $62.4K Come Into Focus

⬤ Bitcoin couldn’t build on its recovery attempt toward the $72,000 resistance zone. Buyers ran out of steam before reaching the range high, and BTC rolled back over — breaking below the range low near $68,000. The chart tells a clear story: what started as consolidation has shifted into a search for lower support.

⬤ With $68K now lost, attention moves to Fibonacci retracement levels. Based on the chart, two zones stand out as potential reaction points — around $64,500 and $62,400. Those aren’t random numbers; they’re where buyers have historically shown up in similar pullbacks. A deeper look at how those levels played out before can be found in Bitcoin breaks key Fibonacci support.

⬤ The fade in momentum after multiple rejections at the range high is a red flag. When buyers keep hitting the same ceiling and can’t break through, it usually means the sellers are in control — at least for now. This kind of setup isn’t new: similar patterns were covered in Bitcoin drops below $74K — liquidity sweep and BTC may drop to $68K before targeting higher levels.

⬤ How price reacts around the $64.5K–$62.4K zone will likely set the tone for what comes next. A firm hold there could bring BTC back into range and stabilize things. But if those levels don’t hold, the correction could extend further before any meaningful recovery gets going.