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A Wave of Decline Takes Hold of Bitcoin

Technical Analysis
By Mostafa Mahmoud
A Wave of Decline Takes Hold of Bitcoin
0 6

BTCUSD

البيتكوين 2-6-2026

Bitcoin is trading above support level $68500, with this area likely to limit the pace of decline during today’s trading.​

Support

 68500 65600​
Resistance 72600​

77000

Bitcoin came under strong selling pressure, extending its recent downward trend and falling to its lowest level in nearly two months. The decline was driven by growing caution across financial markets, continued capital outflows from Bitcoin exchange traded funds (ETFs), and rising concerns over institutional demand for the cryptocurrency. Escalating geopolitical tensions also weakened investors’ appetite for high risk assets, adding further pressure on Bitcoin and contributing to fresh losses.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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