BTC/USD Technical Analysis: Further downside likely as Bitcoin slips away from the $7,000 handle
|- Bitcoin has marked in a lower high after failing to recoup the 7000.0 key handle.
- Broader cryptomarkets have retracted for June, BTC/USD's bounce from the last low at 5755.0 likely to stall before the 61.8% Fibonacci retracement level.
- Reloading shorts may want to wait for a break lower to confirm a bearish continuation.
| Spot rate: | 6243.0 |
| Relative change: | 4.5% |
| High: | 6341.0 |
| Low: | 6068.0 |
| Trend: | Bearish |
| Support 1: | 6068.5 (current day low) |
| Support 2: | 5755.0 (one week low) |
| Support 3: | 5654.0 (S1 daily pivot) |
| Resistance 1: | 6430.0 (61.8% Fibo level) |
| Resistance 2: | 6746.0 (R1 daily pivot) |
| Resistance 3: | 6848.20 (one week high) |
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