As of June 13, 2024, the price of Bitcoin is USD, with an intraday decline of nearly . From a technical analysis perspective, Bitcoin is currently in a downtrend and may continue to fall in the short term.

The price of Bitcoin continued its downside correction and broke below the USD level. Bitcoin bears succeeded in pushing the price below the USD support level. Eventually, the price tested the USD area. A low has been formed at USD and the price is currently consolidating losses. Bitcoin is currently trading below the USD and the hourly simple moving average. On the upside, the price is facing resistance near the USD.

If Bitcoin fails to break out of the resistance zone of USD, it may continue to fall. The immediate support level on the downside is near the USD. The first major support level is the USD. The next support level is currently formed near the USD. If the price declines further, it may fall to the USD support area in the short term.

However, it is important to note that the Bitcoin market is very volatile and price movements are difficult to predict. Investors should make decisions based on their risk tolerance and investment goals.