Bitcoin has recently dipped to its lowest levels in a month, prompting analysts to closely monitor critical price levels amid ongoing market volatility.

On June 14, Bitcoin experienced a notable 3.5% decline, pushing BTC/USD to $64,950 on Bitstamp, marking its lowest point since mid-May. This latest downturn has extended the week's losses to over 6.7%, reflecting persistent weakness in Bitcoin's price action, according to data from Cointelegraph Markets Pro and TradingView.

Market observers are now focusing on key support levels, particularly the psychological barrier at $65,000. Keith Alan, co-founder of trading resource Material Indicators, highlighted concerns that failure to maintain support at this level could potentially lead to further downside towards $60,000 or lower.

Amidst these considerations, attention has turned to the realized price levels of Bitcoin hodlers — the aggregate buy-in prices across various investor groups. Axel Adler Jr., contributing to CryptoQuant's on-chain analytics platform, emphasized that these cost bases could serve as crucial indicators amid current market uncertainties.

Short-term holders (STHs), who typically hold Bitcoin for up to 155 days and are considered more speculative, currently have a realized price of approximately $62,200. Meanwhile, investors holding for three to six months have a realized price around $55,500, and long-term holders, known for their steadfast approach, have a significantly lower cost basis at $24,300.

Analysts like Adler suggest that the duration of the ongoing correction may depend on market dynamics, with historical data indicating similar phases lasting anywhere from 65 to 371 days in previous cycles.

Looking ahead, traders are closely watching exchange order book activity for clues about near-term price movements. Notably, there appears to be substantial bid liquidity forming around $62,000, as observed by popular trader Skew. He also highlighted significant demand zones around $60,000, suggesting potential support if Bitcoin continues to slide below $65,000.

Furthermore, monitoring resources like CoinGlass indicate growing liquidity support at $64,900, just below recent intraday lows, underscoring the current market's sensitive state.

As Bitcoin navigates these critical support zones, analysts and traders alike remain vigilant for potential price rebounds or further declines, influenced by both technical levels and broader market sentiment shifts.