Bitcoin Dips to $66,000 Amid Bearish Sentiment, Traders Watch Key Levels

• Bitcoin weakened to around USD 66,000, breaching its 200-day moving average and year-to-date average.
• The decline is driven by macro risk-off sentiment and tighter liquidity, but prices are stabilizing in the mid-USD 60,000 range.
• Analysts note a critical juncture, with expectations of a rebound towards USD 68,000 despite the breach of key averages.
• Easing geopolitical tensions and a drop in oil prices helped stabilize broader risk assets, including cryptocurrencies.
• Institutional interest remains firm, with BlackRock and MicroStrategy showing continued conviction in Bitcoin.