Bitcoin Price Dips Under $66,000 as Golden Pocket Gives Way

32 minutes ago 2

Key Takeaways

0.618 Fib near $69,062 lost on prior candle.
Daily RSI at 21.5 matches June oversold extreme.
Next Fib support sits around $64,069.
Candle still open; today’s low $65,960 is pivot.

The breakdown extends a November decline that has already taken out two Fibonacci levels in a week, and it arrives one day after the bounce off a key Fib level on softer US PPI failed to hold. On the Binance BTC/USDT daily chart, price is now sandwiched between a cluster of overhead resistance and the last retracement level before the full move is unwound.

Nov 14 daily candle, Binance BTC/USDT (session still open)

Open

$68,314

High

$68,446

Low

$65,960

Last

$65,994

Change on day

−$2,320 (−3.40%)

Volume