3 reasons why Bitcoin price struggles to reclaim $64K

Bitcoin’s tumultuous week continues as data points to further downside in BTC price.

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Bitcoin (BTC) dropped below $64,000 for the first time in over a month on June 21. Data from Cointelegraph Markets Pro and TradingView shows that BTC dropped from an opening at $64,840 to an intra-day low of $63,451. 

The last time Bitcoin’s price traded below $64,000 was on May 15, when it rose from a low of $61,299 to set a swing high at $71,980 on May 21, fueled by excitement about a spot Ether (ETH) exchange-traded fund (ETF) approval.

At the time of publication, the largest cryptocurrency by market capitalization was trading at $63,552, down 3.54% over the last 24 hours.

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