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Bitcoin nears key support at $63,700, eyeing a potential rise to $69K amid mixed signals.

Technical Signals
18 Jun 2026
Crypto Daily
View Source
Bullish
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Bitcoin's price has dropped to a key support level at $63,700, forming the bottom of a potential bear flag pattern. Technical indicators like the Stochastic RSI suggest a possible rebound, with $66,000 as a critical resistance point that could lead to a rise toward $69,000 if surpassed. However, resistance from the 200 SMA and descending trendlines may limit gains, and failure to hold above $66,000 could risk further declines. Despite short-term uncertainty, the bear market appears to be nearing its end, with a new bull market likely to start by year-end.

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