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Bitcoin Hits Two-Week Low Following Sharp Sunday Decline
Published 6 days ago
Last updated 5 days ago2 updates
1 min read
Key Facts
- •Bitcoin failed to maintain the $65,650 support level at the weekly close.
- •Technical indicators on daily charts have turned bearish.
- •The $60,000 level is seen as the next major test, with a potential slide to $53,000 if the $57,800 support fails.
Bitcoin hit a fresh two-week low of $64,152 following a sharp price drop on Sunday. The decline began after the cryptocurrency recorded a weekly close of $67,638, marking a significant shift in momentum toward the downside. Analysts are now warning of a potential "bearish acceleration" that could trigger a deeper market correction and significant sell-offs. Market focus remains on the $60,000 psychological floor, with a breach likely leading to the $57,800 support zone. If selling pressure persists, technical projections suggest a further slide toward the $53,000 mark. This downward trend continues to weigh heavily on investor sentiment and spot Bitcoin ETFs such as IBIT and FBTC.
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freemium.freemium.cta.signup_buttonVersion History
Version 25 days ago
What changed: Updated the story to include the specific weekly closing price of $67,638 and identified Sunday as the timing of the sharp decline.
Version 15 days ago
What changed: Bitcoin hit a new two-week low of $64,152, with analysts now specifically warning of a potential 'bearish acceleration'.