Bitcoin Slides Over 5% As Price Loses $68,000 Support And Tests $64,200 Low

Bitcoin dropped more than 5% after failing to hold above $68,000 and is now trading under $66,500 and the 100-hourly simple moving average. The BTC/USD pair formed a low near $64,203 and is attempting a short-term recovery toward resistance between $66,000 and $66,400. If the price falls back below the $64,500–$64,200 support area, another move toward $63,500 or even $62,850 could follow.