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Bitcoin struggles at $66K, risks dropping to $63,700 amid uncertain market trends.

Technical Signals
17 Jun 2026
Crypto Daily
View Source
Bearish
pluang ai news

Bitcoin is facing resistance at the $66,000 level, with technical indicators suggesting a possible decline to the $63,700 support level. The price is forming a small bear flag pattern on the 4-hour chart, and if it fails to break above $66,000, further downside could follow. However, if bulls push past $66,000 and $67,200 resistance, the price may attempt to break the descending trendline. The weekly outlook shows potential for another candle close below $66,000, which could lead to retesting the 200-week SMA and the bull market trendline. Analysts warn the bear market may continue until Q4, with significant downside possible if key support levels fail.

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