The Bitcoin price fell hard on Tuesday, hitting $67,289\u2014its lowest level since April\u2014reshaping sentiment toward a more bearish outlook as bulls lose key support zones.<\/p>\n
CoinGecko data <\/a>shows the selloff isn\u2019t isolated to one timeframe. Bitcoin has retraced across all-time horizons, reflecting widespread bearish sentiment and persistent selling pressure.\u00a0<\/p>\n The Bitcoin price is down about 6% over the last 24 hours and roughly 15% on the monthly timeframe. After the drop, Bitcoin is around 47% below its all-time highs of $126,000 set during last year\u2019s rally.<\/p>\n On X (previously Twitter), market analyst Ali Martinez argued <\/a>that the Bitcoin price has broken below several major levels that traders typically use as a line in the sand.<\/p>\n Martinez pointed to the loss of channel support, the loss of the 100-day simple moving average (SMA), and the move below the 0.5 Fibonacci retracement level around $71,300.\u00a0<\/p>\n The analyst said that once all three were lost, the odds of downside acceleration rose sharply, pointing to $65,000 as the next likely move. From current levels, that potential retrace would mean an additional pullback of about 3.4%.<\/p>\nWhat\u2019s Next For The Bitcoin Price?<\/h2>\n
BTC To $48,000 By September<\/h2>\n