Bitcoin faces downside risk amid six-month losing streak

Bitcoin is nearing a rare six-month losing streak, with a close below $67,300 potentially confirming the trend. Despite remaining above key long-term support levels like the 200-week moving average, persistent macro pressures, including geopolitical instability and rising oil prices, continue to weigh on the cryptocurrency. While some resilience has been noted since the Middle East conflict began, the overall environment suggests continued downside risk. Concerns about quantum computing also add a layer of uncertainty to the digital asset's future.