Bitcoin price started a recovery wave above $68,000. BTC is now struggling to 
surpass $68,800 and showing signs of a fresh decline. Bitcoin failed to settle 
above $68,800 and trimmed most gains. The price is trading below $67,200 and 
the 100 hourly simple moving average. There was a break below a rising channel 
with support at $67,200 on the hourly chart of the BTC/USD pair (data feed 
from Kraken). The pair might start another decline if it stays below the 
$68,000 and $67,800 levels. Bitcoin Price Faces Rejection Bitcoin price formed 
a base above $66,500 and started a recovery wave. BTC was able to settle above 
$67,200 to move into a short-term positive zone. The price climbed above the 
$67,500 resistance zone. The bulls even cleared the 38.2% Fib retracement 
level of the downward move from the $71,985 swing high to the $65,030 low. 
However, the bears were active near the $69,200 resistance zone. The price 
failed to clear the 61.8% Fib retracement level of the downward move from the 
$71,985 swing high to the $65,030 low. There was a fresh bearish reaction and 
there was a break below a rising channel with support at $67,200 on the hourly 
chart of the BTC/USD pair. Bitcoin is now trading below $67,200 and the 100 
hourly simple moving average. If the price remains stable above $66,000, it 
could attempt a fresh increase. Immediate resistance is near the $67,800 
level. The first key resistance is near the $68,500 level. A close above the 
$68,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $69,250 resistance. Any more gains might 
send the price toward the $69,500 level. The next barrier for the bulls could 
be $70,000. More Losses In BTC? If Bitcoin fails to rise above the $68,000 
resistance zone, it could start another decline. Immediate support is near the 
$66,000 level. The first major support is near the $65,750 level. The next 
support is now near the $65,500 zone. Any more losses might send the price 
toward the $65,000 support in the near term. The main support now sits at 
$64,200, below which BTC might struggle to recover 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 – $66,000, followed by $65,500. Major Resistance 
Levels – $67,800 and $68,500.

Bitcoin Price Recovery Slips, Sellers Tighten Grip on Market

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ChatGPT Maker OpenAI Valued at $852B After Record $122B Funding Round

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prospects and increasing the likelihood of US military action.
The post Iran fortifies islands, complicating US military campaign appeared 
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Iran fortifies islands, complicating US military campaign

Graham&#8217;s diplomatic shift may enhance negotiation prospects, yet skepticism 
and market caution highlight the need for tangible progress.
The post Lindsey graham backs diplomacy over military action in Iran conflict 
appeared first on Crypto Briefing.

Lindsey graham backs diplomacy over military action in Iran conflict

Market skepticism persists amid geopolitical tensions, with traders wary of 
prolonged instability affecting economic forecasts.
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Cryptocurrency price in INR