Bitcoin Drops Below ₱4,055,135 ($67,000) as Support Tested
Bitcoin dropped below ₱4,055,135 ($67,000) after failing to hold above ₱4,115,659 ($68,000) resistance. Technical indicators including RSI below 50 signal bearish momentum, with key support now at $66,000.
Key Takeaway
Bitcoin needs to reclaim $67,500 or risk sliding toward the $63,500 main support zone.
Bitcoin failed to settle above $68,000 after falling from a swing high of $69,250. Bears pushed the price below the $68,800 zone, triggering a decline that sent BTC under the $68,200 level.
The digital asset now faces a wall of resistance. A bearish trend line has formed on the hourly chart with resistance near $67,450, while the 50% Fibonacci retracement level from the recent decline sits at $67,500. Both levels need to break before bulls can reclaim momentum.
Immediate support holds at $66,000, which also marks the floor of the current trading range. Below that, the $65,688 low serves as the next defense line. The 23.6% Fib retracement level at $65,500 aligns with this zone.
A break below $66,000 opens the door to deeper losses. The $64,200 level becomes the next target in that scenario, with $63,500 serving as the main support where recovery attempts might find footing.
Technical indicators show weakening momentum. The RSI for the BTC/USD pair on Kraken data has dropped below 50, confirming bearish pressure in the near term. Without a clear break above $67,500, Bitcoin risks testing lower support levels as institutional inflows slow and whale activity hits multi-year lows across major tokens on April 3, 2026.
This article was written based on reporting from NewsBTC.
