Bitcoin Slides Back Below Key Resistance Level

Bitcoin's price has dropped back to around $63,000 after failing to hold onto key resistance above $65,500. The pullback is part of a broader decline across digital assets and technology stocks.

The move comes despite positive sentiment from recent days, which was fueled by improving spot Bitcoin ETF inflows and expectations of greater regulatory clarity in the United States.

However, renewed selling pressure across equities and semiconductor stocks quickly spilled over into cryptocurrencies, dragging Bitcoin below an important technical support level.

The retreat also coincided with a reversal in institutional flows, as US spot Bitcoin ETFs shifted back into net outflows following a week of steady inflows. This suggests investors have become more cautious amid broader macroeconomic uncertainty.