Bitcoin Falls Below $68,000, Tests $65,500 Support Amid Key Resistance at $67,000-$69,850

Bitcoin dropped below $68,000 and the 100-hour simple moving average after failing to hold gains above $68,500, with the price testing support around $65,500, Kraken data show. The pair consolidated near a recent low of $65,646 after breaking below $67,500 and a major bullish trend line that had provided support near $68,900. Immediate resistance sits at $67,000, with key levels at $67,600, $68,000, $68,800 and $69,850 aligning with Fibonacci retracement points from the $74,062 high to the $65,646 low, while downside support levels include $65,500, $65,000, $63,500, $62,000 and $61,200.