Bitcoin price started a fresh decline below the $73,800 zone. BTC is 
consolidating and might continue to move down if it dips below $72,500. 
Bitcoin failed to stay above $74,200 and extended losses. The price is trading 
below $73,800 and the 100 hourly simple moving average. There was a break 
below a rising channel with support at $73,550 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays 
below the $74,200 and $74,500 levels. Bitcoin Price Turns Red Bitcoin price 
failed to stay above the $75,000 support zone. BTC remained in a bearish zone 
and extended losses below the $74,500 level. There was a move below the 
$74,000 level. The price even dipped below $73,000. A low was formed at 
$72,470 and the price recently attempted a recovery wave. There was a minor 
move above the 23.6% Fib retracement level of the downward move from the 
$77,810 swing high to the $72,470 low. However, it faced resistance near 
$74,000. Recently, there was a break below a rising channel with support at 
$73,550 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below 
$73,800 and the 100 hourly simple moving average. If the price remains stable 
above $72,000, it could attempt a fresh increase. Immediate resistance is near 
the $73,850 level. The first key resistance is near the $74,000 level. A close 
above the $74,000 resistance might send the price further higher. In the 
stated case, the price could rise and test the $74,500 resistance. Any more 
gains might send the price toward the $75,150 level or the 50% Fib retracement 
level of the downward move from the $77,810 swing high to the $72,470 low. The 
next barrier for the bulls could be $75,500. Downside Continuation In BTC? If 
Bitcoin fails to rise above the $74,200 resistance zone, it could start 
another decline. Immediate support is near the $73,000 level. The first major 
support is near the $72,500 level. The next support is now near the $72,000 
zone. Any more losses might send the price toward the $71,500 support in the 
near term. The main support now sits at $70,850, 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 – 
$72,500, followed by $72,000. Major Resistance Levels – $74,000 and $74,500.

Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with &#8230;

Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown

US support for Israeli escalation may hinder peace prospects, increase 
regional tensions, and complicate diplomatic resolutions in the Middle East.
The post US backs Israeli military escalation against Hezbollah in Lebanon 
appeared first on Crypto Briefing.

US support for Israeli escalation may hinder peace prospects, increase regional tensions, and complicate diplomatic resolutions in the Middle East. The post US backs Israeli military escalation against Hezbollah in Lebanon appeared first on Crypto Briefing.

US backs Israeli military escalation against Hezbollah in Lebanon

A potential BOJ rate hike could stabilize the yen short-term, but risks 
slowing Japan&#8217;s growth and impacting global financial markets.
The post Yen faces heightened intervention risk ahead of June 16 BOJ hike 
appeared first on Crypto Briefing.

A potential BOJ rate hike could stabilize the yen short-term, but risks slowing Japan&#8217;s growth and impacting global financial markets. The post Yen faces heightened intervention risk ahead of June 16 BOJ hike appeared first on Crypto Briefing.

Yen faces heightened intervention risk ahead of June 16 BOJ hike

The proposed ceasefire could stabilize regional tensions, impacting global 
markets and crypto investments by reducing geopolitical risk.
The post US proposes ceasefire plan to Lebanon and Israel amid rising tensions 
appeared first on Crypto Briefing.

The proposed ceasefire could stabilize regional tensions, impacting global markets and crypto investments by reducing geopolitical risk. The post US proposes ceasefire plan to Lebanon and Israel amid rising tensions appeared first on Crypto Briefing.

US proposes ceasefire plan to Lebanon and Israel amid rising tensions

The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam 
compounds tied to crypto fraud, trafficking, and organized crime. Authorities 
sought forfeiture of 127,271 BTC, worth about $15 billion. Record Bitcoin Case 
Puts Global Scam Compounds Back in Focus The U.S. Department of Justice 
(DOJ)’s record bitcoin forfeiture case has returned to focus […]

The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam compounds tied to crypto fraud, trafficking, and organized crime. Authorities sought forfeiture of 127,271 BTC, worth about $15 billion. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus &#8230;

DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown

Heightened regional tensions from Israel&#8217;s actions in Lebanon may hinder 
diplomatic efforts, complicating peace prospects with Iran.
The post Israel expands military actions in Lebanon, impacting Iran peace deal 
prospects appeared first on Crypto Briefing.

Heightened regional tensions from Israel&#8217;s actions in Lebanon may hinder diplomatic efforts, complicating peace prospects with Iran. The post Israel expands military actions in Lebanon, impacting Iran peace deal prospects appeared first on Crypto Briefing.

Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown

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