Bitcoin clings to $67K but analysis warns of 10% BTC price drop next

Bitcoin is currently hovering around $67,000, with resistance levels forming near $70,000. Despite a strong performance this month, with gains over 10%, traders like Daan Crypto Trades and Rekt Capital suggest that significant hurdles remain. They highlight resistance zones at $72,000 and emphasize the importance of Bitcoin's 100-day moving average as a key support level.

On the cautionary side, Credible Crypto predicts a potential 10% drop in Bitcoin's price, targeting a retest of the $60,000 region. This outlook is based on the completion of current upside momentum and the likelihood of altcoins experiencing even greater losses if this scenario unfolds.