🚨 Bitcoin Is Crashing... Here's My Next Buy Zone
Why It Matters
Understanding Bitcoin’s likely support at $67k and the conditions for a bounce to $75‑$76k helps investors manage risk and time entries amid sustained sell pressure and a strong equity backdrop.
Key Takeaways
- •Bitcoin slipped below $73,800, targeting $67‑68k support level.
- •38.2% Fibonacci retracement aligns with current downtrend pattern.
- •Holding above $64.8k keeps higher‑low bullish structure intact.
- •Monthly open breach could trigger short‑term rally to $75‑76k.
- •ETF outflows show $125M+ daily sell pressure since mid‑May.
Summary
The video focuses on Bitcoin’s recent price decline as June begins, charting its fall through the May‑targeted $73,800 level and outlining the analyst’s projected next buying zone.
At the time of recording Bitcoin traded around $71,400 and the presenter expects a slide toward the $67,000‑$68,000 support cluster. He cites a 38.2% Fibonacci retracement from the $60k‑$83k swing, higher‑low bullish structure, and the importance of staying above the $64,800 floor to keep the long‑term uptrend intact.
Key remarks include, “We’re still putting in higher lows,” and, “If we stay above $64.8k the bullish shark remains valid.” He also highlights ETF flow data—more than $125 million sold daily since mid‑May—underscoring persistent bearish pressure.
For traders, a breach above the monthly open could spark a short‑term rally to $75‑$76k, while a break below $64.8k would likely open a deeper correction toward $60k. The analysis suggests cautious positioning, using the $67k zone as a potential entry point amid broader equity market strength.
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