Bitcoin Technical Analysis and Price Prediction.

The $BTC plunge almost 6% in a day as the US and Iran Tension rises.

At the time of writing this Bitcoin is making a pullback from the support price level of $66,000 and trading near $66,400. If Bitcoin closes below the key psychological price level of $68,200 it can extend the decline $62,500.

However a pullback and day close above $68,000 will help bitcoin to extend the pump towards 72,000 again.

The Relative Strength Index RSI is at 40 aiming downward indicating that the price can go down. While MACD Moving Average Convergence Divergence is showing higher increase sell indicating that the momentum has been shift from bullish to bearish.