Bitcoin Price Dives Below $64K as Traders Eye $61K Support

The price of Bitcoin fell below $64K as traders watch for support at $61K. The asset lost about 2.7% in value over 24 hours, trading near $63,200 on CoinMarketCap.

This decline came after repeated failures to breach the resistance zone around $65,600 to $65,700. According to Crypto Patel, a broken rising trendline and failed retest of this area confirmed short-term bearish control.

Traders are now targeting support at the $63K level, with a break below potentially exposing the $61K Fibonacci region. However, some analysts suggest that holding this area could frame the decline as another market shakeout.