1
Bitcoin price was stabilizing near $64,000 after falling from $67,000 this week.
2
Bitcoin lost nearly 3% of its value this week, shifting from bullish to neutral.
Bitcoin seemed to be struggling to gain ground this week as the price slipped towards the $64,000 after the breakdown of a support near the $67,000. At the time of writing, BTC was hovering close to the $64,310 mark, recording a 0.23% rise intraday.
Moreover, the breakdown below the recent support of $67,000 has dragged the price from a bullish to sideways trajectory. Further drawdown could increase the risk of falling towards the $60,000 demand zone.
Also, the social metrics has been falling steadily over the recent sessions, highlighting the waning interest of the investors and community members. Let’s delve deeper and forecast Bitcoin’s potential path for the upcoming week.
BTC Social Dominance and Social Volume Drops
While Bitcoin has been declining slightly trend this w
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