• bitcoinBitcoin (BTC) $ 63,948.00
  • ethereumEthereum (ETH) $ 3,149.05
  • tetherTether (USDT) $ 0.999837
  • bnbBNB (BNB) $ 560.96
  • solanaSolana (SOL) $ 167.09
  • xrpXRP (XRP) $ 0.619524
  • usd-coinUSDC (USDC) $ 0.997830
  • staked-etherLido Staked Ether (STETH) $ 3,147.37
  • dogecoinDogecoin (DOGE) $ 0.123245
  • the-open-networkToncoin (TON) $ 6.55
  • cardanoCardano (ADA) $ 0.393517
  • tronTRON (TRX) $ 0.135459
  • avalanche-2Avalanche (AVAX) $ 27.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,016.00
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • polkadotPolkadot (DOT) $ 5.69
  • chainlinkChainlink (LINK) $ 12.85
  • bitcoin-cashBitcoin Cash (BCH) $ 349.92
  • nearNEAR Protocol (NEAR) $ 5.48
  • uniswapUniswap (UNI) $ 7.12
  • leo-tokenLEO Token (LEO) $ 5.82
  • daiDai (DAI) $ 0.999702
  • litecoinLitecoin (LTC) $ 67.88
  • wrapped-eethWrapped eETH (WEETH) $ 3,298.45
  • pepePepe (PEPE) $ 0.000011
  • matic-networkPolygon (MATIC) $ 0.500462
  • internet-computerInternet Computer (ICP) $ 9.56
  • kaspaKaspa (KAS) $ 0.174561
  • ethena-usdeEthena USDe (USDE) $ 0.995267
  • ethereum-classicEthereum Classic (ETC) $ 21.86
  • aptosAptos (APT) $ 6.59
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.19
  • stellarStellar (XLM) $ 0.102002
  • moneroMonero (XMR) $ 153.14
  • mantleMantle (MNT) $ 0.813112
  • blockstackStacks (STX) $ 1.69
  • dogwifcoindogwifhat (WIF) $ 2.43
  • makerMaker (MKR) $ 2,593.80
  • crypto-com-chainCronos (CRO) $ 0.089393
  • filecoinFilecoin (FIL) $ 4.14
  • render-tokenRender (RENDER) $ 5.96
  • okbOKB (OKB) $ 39.05
  • arbitrumArbitrum (ARB) $ 0.693073
  • injective-protocolInjective (INJ) $ 23.61
  • cosmosCosmos Hub (ATOM) $ 5.86
  • hedera-hashgraphHedera (HBAR) $ 0.064014
  • bittensorBittensor (TAO) $ 315.53
  • immutable-xImmutable (IMX) $ 1.42
  • vechainVeChain (VET) $ 0.026794
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999873
  • arweaveArweave (AR) $ 29.05
  • optimismOptimism (OP) $ 1.68
  • suiSui (SUI) $ 0.737132
  • bonkBonk (BONK) $ 0.000027
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,537.35
  • the-graphThe Graph (GRT) $ 0.184829
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,210.84
  • flokiFLOKI (FLOKI) $ 0.000174
  • bitget-tokenBitget Token (BGB) $ 1.10
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,285.60
  • thorchainTHORChain (RUNE) $ 4.28
  • whitebitWhiteBIT Coin (WBT) $ 10.04
  • theta-tokenTheta Network (THETA) $ 1.40
  • lido-daoLido DAO (LDO) $ 1.56
  • notcoinNotcoin (NOT) $ 0.013388
  • ondo-financeOndo (ONDO) $ 0.931922
  • aaveAave (AAVE) $ 85.94
  • jupiter-exchange-solanaJupiter (JUP) $ 0.944377
  • pyth-networkPyth Network (PYTH) $ 0.348073
  • jasmycoinJasmyCoin (JASMY) $ 0.025868
  • fantomFantom (FTM) $ 0.437985
  • based-brettBrett (BRETT) $ 0.120567
  • coredaoorgCore (CORE) $ 1.28
  • celestiaCelestia (TIA) $ 5.63
  • algorandAlgorand (ALGO) $ 0.134919
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,166.99
  • sei-networkSei (SEI) $ 0.346831
  • quant-networkQuant (QNT) $ 69.97
  • mantra-daoMANTRA (OM) $ 1.19
  • gatechain-tokenGate (GT) $ 7.35
  • flowFlow (FLOW) $ 0.623239
  • kucoin-sharesKuCoin (KCS) $ 9.46
  • msolMarinade Staked SOL (MSOL) $ 202.14
  • elrond-erd-2MultiversX (EGLD) $ 32.13
  • eosEOS (EOS) $ 0.570910
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.01
  • beam-2Beam (BEAM) $ 0.016832
  • bitcoin-svBitcoin SV (BSV) $ 42.04
  • axie-infinityAxie Infinity (AXS) $ 5.58
  • galaGALA (GALA) $ 0.022126
  • flare-networksFlare (FLR) $ 0.018262
  • heliumHelium (HNT) $ 4.81
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.02
  • bittorrentBitTorrent (BTT) $ 0.00000083
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,218.40
  • neoNEO (NEO) $ 10.86
  • dydx-chaindYdX (DYDX) $ 1.25
  • ethenaEthena (ENA) $ 0.434110
  • fasttokenFasttoken (FTN) $ 2.33
  • popcatPopcat (POPCAT) $ 0.752723
  • usddUSDD (USDD) $ 0.996741
  • akash-networkAkash Network (AKT) $ 3.03
  • ordinalsORDI (ORDI) $ 34.30
  • tezosTezos (XTZ) $ 0.721317
  • the-sandboxThe Sandbox (SAND) $ 0.303321
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,398.48
  • starknetStarknet (STRK) $ 0.517982
  • roninRonin (RON) $ 1.96
  • nexoNEXO (NEXO) $ 1.16
  • fraxFrax (FRAX) $ 0.994349
  • ecasheCash (XEC) $ 0.000032
  • conflux-tokenConflux (CFX) $ 0.145620
  • worldcoin-wldWorldcoin (WLD) $ 2.11
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006751
  • paypal-usdPayPal USD (PYUSD) $ 0.997337
  • frax-etherFrax Ether (FRXETH) $ 3,157.98
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • decentralandDecentraland (MANA) $ 0.315440
  • chilizChiliz (CHZ) $ 0.065752
  • zebec-protocolZebec Protocol (ZBC) $ 0.012713
  • mog-coinMog Coin (MOG) $ 0.000002
  • tether-goldTether Gold (XAUT) $ 2,365.98
  • zksyncZKsync (ZK) $ 0.156294
  • pendlePendle (PENDLE) $ 3.65
  • oasis-networkOasis Network (ROSE) $ 0.084695
  • raydiumRaydium (RAY) $ 2.16
  • gnosisGnosis (GNO) $ 219.53
  • mina-protocolMina Protocol (MINA) $ 0.490121
  • book-of-memeBOOK OF MEME (BOME) $ 0.007875
  • dexeDeXe (DEXE) $ 9.41
  • havvenSynthetix Network (SNX) $ 1.63
  • iotaIOTA (IOTA) $ 0.155915
  • swethSwell Ethereum (SWETH) $ 3,366.62
  • aioz-networkAIOZ Network (AIOZ) $ 0.473164
  • wormholeWormhole (W) $ 0.280502
  • apecoinApeCoin (APE) $ 0.743478
  • klay-tokenKlaytn (KLAY) $ 0.134818
  • layerzeroLayerZero (ZRO) $ 4.51
  • astarAstar (ASTR) $ 0.070207
  • true-usdTrueUSD (TUSD) $ 0.997284
  • nervos-networkNervos Network (CKB) $ 0.011041
  • safeSafe (SAFE) $ 1.14
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,452.04
  • livepeerLivepeer (LPT) $ 14.20
  • axelarAxelar (AXL) $ 0.639702
  • xdce-crowd-saleXDC Network (XDC) $ 0.031120
  • zcashZcash (ZEC) $ 30.30
  • 1inch1inch (1INCH) $ 0.362149
  • illuviumIlluvium (ILV) $ 66.99
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000081
  • pax-goldPAX Gold (PAXG) $ 2,358.44
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.88
  • theta-fuelTheta Fuel (TFUEL) $ 0.065199
  • bitcoin-goldBitcoin Gold (BTG) $ 24.29
  • aerodrome-financeAerodrome Finance (AERO) $ 0.760414
  • apenftAPENFT (NFT) $ 0.00000042
  • kavaKava (KAVA) $ 0.383681
  • iotexIoTeX (IOTX) $ 0.043495
  • wemix-tokenWEMIX (WEMIX) $ 1.00
  • usdbUSDB (USDB) $ 0.995379
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.967688
  • aevo-exchangeAevo (AEVO) $ 0.461172
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.076917
  • g-tokenGravity (G) $ 0.053427
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003818
  • project-galaxyGalxe (GAL) $ 3.22
  • turboTurbo (TURBO) $ 0.005490
  • mx-tokenMX (MX) $ 3.87
  • h2o-daoH2O Dao (H2O) $ 0.454068
  • stader-ethxStader ETHx (ETHX) $ 3,269.59
  • safepalSafePal (SFP) $ 0.780867
  • woo-networkWOO (WOO) $ 0.186030
  • availAvail (AVAIL) $ 0.206119
  • ether-fiEther.fi (ETHFI) $ 2.04
  • compound-ethercETH (CETH) $ 63.56
  • jito-governance-tokenJito (JTO) $ 2.71
  • memecoin-2Memecoin (MEME) $ 0.014771
  • manta-networkManta Network (MANTA) $ 0.885360
  • singularitynetSingularityNET (AGIX) $ 0.527152
  • compound-governance-tokenCompound (COMP) $ 47.45
  • stepnGMT (GMT) $ 0.142113
  • arkhamArkham (ARKM) $ 1.33
  • golemGolem (GLM) $ 0.320873
  • rocket-poolRocket Pool (RPL) $ 15.58
  • corgiaiCorgiAI (CORGIAI) $ 0.000930
  • aragonAragon (ANT) $ 7.92
  • beldexBeldex (BDX) $ 0.047402
  • osmosisOsmosis (OSMO) $ 0.467063
  • blurBlur (BLUR) $ 0.177719
  • superfarmSuperVerse (SUPER) $ 0.690663
  • kusamaKusama (KSM) $ 20.21
  • altlayerAltLayer (ALT) $ 0.132097
  • dymensionDymension (DYM) $ 1.57
  • curve-dao-tokenCurve DAO (CRV) $ 0.252815
  • dashDash (DASH) $ 25.24
  • zilliqaZilliqa (ZIL) $ 0.016004
  • echelon-primeEchelon Prime (PRIME) $ 6.94
  • ponkePONKE (PONKE) $ 0.541245
  • 0x0x Protocol (ZRX) $ 0.344529
  • celoCelo (CELO) $ 0.536753

Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

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Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down.

  • Bitcoin started a fresh decline from the $64,550 resistance level.
  • The price is trading below $63,500 and the 100 hourly Simple moving average.
  • There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend losses if there is a clear move below the $62,700 and $62,500 support levels.

Bitcoin Price Dips Further

Bitcoin price failed to recover above the $65,000 level. BTC struggled near $64,550 and started another decline. There was a steady decline below the $64,000 and $63,500 levels.

The price even declined below the $63,000 level. A low was formed at $62,700 and the price is now consolidating losses. There is also a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. If there is a recovery wave, the price could face resistance near the $63,550 level and the 23.6% Fib retracement level of the downward move from the $66,444 swing high to the $62,700 low.

The first major resistance could be $64,000. The next key resistance could be $64,500 or the 50% Fib retracement level of the downward move from the $66,444 swing high to the $62,700 low.

Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

A clear move above the $64,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send BTC toward the $66,200 resistance in the near term.

More Downsides In BTC?

If Bitcoin fails to climb above the $63,550 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,700 level.

The first major support is $62,200. The next support is now forming near $62,000. Any more losses might send the price toward the $61,200 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $62,700, followed by $62,200.

Major Resistance Levels – $63,550, and $64,500.

Source

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