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Why Bitcoin Is Falling? BTC Price Drops for 4 Days Below $63K

From financemagnates.com

Bitcoin (BTC) price is falling for the fourth straight session, and the chart is sending increasingly bearish signals. BTC tumbled below $63,000 on Tuesday, February 24, extending a decline that has now lasted four sessions without relief. The intraday low reached $62,964, the weakest print in nearly three weeks. According to my technical analysis and over a decade of experience as an analyst and trader, Bitcoin is consolidating at its lowest levels since Q4 2024, and the structure of that consolidation looks fragile. In this article, I examine why Bitcoin is going down, analyze the BTC chart in detail, and present ... (full story)

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  • Category: Technical Analysis