Bitcoin falls toward $64K after Fed outlook

• Bitcoin fell from US$66,315 to as low as US$64,103 after the Federal Reserve signalled additional rate hikes in 2026.
• More than US$150 million in short positions were liquidated before the rally reversed and triggered fresh selling pressure.
• Traders are closely watching the US$64,000 support level, with some analysts warning that a break could expose the June lows near US$60,000.

Bitcoin (CRYPTO:BTC) dropped toward US$64,000 on June 18 after the Federal Reserve kept rates at 3.50%–3.75% and projected additional rate hikes in 2026.

The decline reversed a relief rally that had lifted Bitcoin to US$66,315 following reports of a preliminary agreement between the United States and Iran that could ease pressure on global energy markets.

“If we don’t see spot volume play catch up, there’s very little doubt in my mind we’ll eventually see a similar outcome,” said analyst Ardi.

More than US$150 million in bearish positions were liquidated as Bitcoin moved above US$66,000, but continued ETF outflows and weaker spot demand later weighed on prices.

Analysts now view US$64,000 as a key support zone, with a move below that level potentially opening the path toward US$60,000, and following the decline the Bitcoin price was down at approximately US$64,103.

Technical indicators showed Bitcoin remained below Supertrend resistance near US$67,113, while the daily RSI stayed below 40, indicating bearish momentum remained in place.

Liquidation data showed large leveraged positions remain concentrated between US$60,000 and US$61,000, while a recovery above US$66,000 could bring the US$68,000–US$69,000 resistance region back into focus.

At the time of reporting, Bitcoin price was $64,430.27.