Bitcoin

Spot

<ul>
 <li>Bitcoin (BTC) declined by 0.70% in the past 24H, trading at $67,626.&nbsp;</li>
 <li>The daily RSI is at 52, indicating neutral sentiment in the market.</li>
</ul>
Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline.&nbsp;
In the past 24 hours, BTC prices have dropped by 1.05%, with trading volume down 7.69% to $23.43 billion. This bearish trend may be attributed to President Biden’s veto of Congress’s crypto custody bill, aimed at repealing <a href="https://thenewscrypto.com/bidens-sab-121-veto-upholding-protection-or-stifling-freedom/" target="_blank" rel="noopener noreferrer nofollow">SAB 121</a>. This controversial measure has been criticized for potentially deterring financial institutions from offering crypto asset custody services, posing challenges for traditional financial firms involved in cryptocurrency.
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><img decoding="async" width="773" height="396" src="https://thenewscrypto.com/wp-content/uploads/2024/06/BTC-chart-.jpg" alt="" class="wp-image-99635" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/06/BTC-chart-.jpg 773w, https://thenewscrypto.com/wp-content/uploads/2024/06/BTC-chart--300x154.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2024/06/BTC-chart--768x393.jpg 768w" sizes="(max-width: 773px) 100vw, 773px">
 <figcaption class="wp-element-caption">Bitcoin Price Chart (Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="h-will-the-btc-bulls-win-over">Will The BTC Bulls Win Over?</h3>
Analyzing the 24-hour price chart, Bitcoin’s key resistances are noted in the $68K–$70K range. Initially, it might test a resistance of $68,760. If the bullish trend persists, the next key resistance range might be $71,349. Furthermore, the higher target might be marked at the $72,550 level.&nbsp;
Contrarily, if the bears take the lead, they may witness Bitcoin prices dipping within the $65.5K–$66.5K range. When it takes up the bearish pace, BTC might fall to a support of $66,490. In the case of a strong bear signal, the price of BTC would <a href="https://thenewscrypto.com/should-btc-investors-prepare-for-a-dip-under-56k/" target="_blank" rel="noopener noreferrer nofollow">dip </a>further to the $64,890 range. In terms of market sentiment, the daily relative strength index (RSI) stood at 57.21 in neutral condition.&nbsp;
Analysts have stated that <a href="https://thenewscrypto.com/bitcoin-btc-bulls-eye-70k-amid-crypto-market-swings/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> will likely experience a bullish run in 2024. As it’s halfway through the year, prices are expected to cross above the $70K resistance, and the year-end will be marked by a brief price dip. Furthermore, BTC price predictions for the upcoming years suggest the asset will hit a $1 million breakthrough. Moreover, the Spot Bitcoin ETFs launch has driven traditional investors into the crypto market with anticipation, and it’s been in upward momentum in recent times.&nbsp;
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Can Bitcoin Soon Break Past the $68,000 Resistance?

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