Bitcoin Price Movement

Over the weekend, Bitcoin briefly approached the $70,000 mark, but couldn't maintain its momentum, falling to around $67,000. This decrease was reflected in other major crypto assets, including Ethereum.

Technical Analysis

Technically, the likelihood of a local drop continues to grow, and the nearest significant downward targets, as we previously described, may be closer to the $60,000 mark. Naturally, this scenario can only be considered if there are no new fundamental factors in the information field that prompt buyers to open positions.