Bitcoin has wandered back toward the $65,000 mark, looking rather like a wizard who suddenly remembered he left the cauldron on the stove, all while traders nervously await the Federal Reserve’s next grand proclamation under its freshly minted Chair, Kevin Warsh.
//media.crypto.news/2026/06/BTCUSDT_2026-06-17_14-07-22.webp”/>
Momentum indicators are sending mixed signals. The daily RSI has crawled out of oversold territory but still sits below the neutral 50 mark, while the MACD remains beneath its signal line-though the bearish momentum is narrowing, like a grumpy wizard reluctantly admitting someone else might have a point.
On the four-hour chart, Bitcoin has also fallen back below the 61.8% Fibonacci retracement level near $65,016 after failing to hold above the 50% retracement around $66,829. Fibonacci himself would probably be shaking his head.
Analyst Kamile Uray notes that the market is now watching support around $63,700 with the intensity of a librarian guarding the last copy of a rare book.
“In deep declines, we will be tracking the 60000 level. This level must be held. Otherwise, the decline deepens further.”
On the bright side, Uray adds that $67,500 remains the first major resistance zone, while a sustained move above $74,500 would be needed to restore a more convincingly bullish structure-preferably one that doesn’t wobble like a jelly on a warm day.
CoinGlass liquidation heatmaps show a dense cluster of leveraged positions sitting above current prices. Crypto analyst Daan Crypto Trades commented that “$68K is the biggest one to watch in the short term,” noting that the largest liquidity pockets now hover above the market after Bitcoin swept liquidity beneath $60,000 earlier this month.
$BTC It is clear where the liquidity sits in this area.
A lot was taken out on the way down below $60K, but with that February low swept, the biggest levels are now above.
$68K is the biggest one to watch in the short term. Below, there’s a decent area at $60K but nothing…
– Daan Crypto Trades (@DaanCrypto) June 17, 2026
Fed guidance and Middle East tensions could determine the next move
Macro developments remain the primary risk factor heading into the Fed announcement, because of course they do.
While falling oil prices have eased some inflation concerns, geopolitical uncertainty continues after Iran accused Israel of violating a Lebanon truce dozens of times and warned of a “harsh response” if attacks persist. Nothing like a bit of global tension to spice up your investment portfolio.
Tehran has also tied any final agreement with Washington to sanctions relief, the release of frozen assets, and an Israeli withdrawal from Lebanon-essentially presenting a to-do list that no one seems eager to tackle.
The combination of Fed uncertainty, geopolitical risks, and institutional caution has kept Bitcoin pinned below major resistance, despite its valiant recovery from June lows.
A break above $68,000 could open the path toward liquidity zones near $74,000 and $78,000, where leveraged positions are waiting like tourists queuing for a roller coaster.
On the downside, losing support around $63,700 would shift attention back to $60,000. A decisive drop below that level could send Bitcoin tumbling toward the $55,000-$50,000 region-an area analysts mention in the same tone one uses when discussing mysterious forests where travelers are never seen again.
Read More
- Off Campus Season 1 Soundtrack Guide
- Infinity Nikki Candlelight Reverie Challenge and Rewards Guide
- Gold Rate Forecast
- Netflix’s Little House On The Prairie Reboot: Release Date, Cast & Everything We Know
- 币安人生 PREDICTION. 币安人生 cryptocurrency
- EUR ZAR PREDICTION
- USD CNY PREDICTION
- Brent Oil Forecast
- The Hunting Wives Star Teases “Wild” Major Character Death in Season 2
- The Boys Recap: No Room for Heresy
2026-06-17 12:23