Bitcoin clings to $65K — More losses ahead for BTC price?

Bitcoin price briefly dipped below the $65,000 mark as long-term BTC holders started selling. Can BTC price close the week above $65,600?

Bitcoin’s (BTC) price fell over 7.1% during the past day, slipping below the $65,000 mark for the first time since March 24.

The current week, or the 14th week of the year, is historically one of the worst weeks for Bitcoin’s price performance. BTC price fell an average of 8.33% on the 14th week of the year, according to Coinglass data.

Bitcoin price fell over 6% in the past 24 hours, reaching a daily low of $64,610 at 1:35 pm (UTC), while trading volume for the world’s largest cryptocurrency rose over 75% during the day to $46 billion, according to CoinMarketCap data.

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