Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline.
Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone.
The price is trading below $62,800 and the 100 hourly Simple moving average.
There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bearish momentum if it settles below the $60,000 support zone.
Bitcoin Price Struggle Continues
Bitcoin price started another increase above the $61,500 resistance zone. BTC cleared the $62,500 and $63,000 resistance levels. It even spiked above $64,000 but failed to surpass the key level at $65,000.
A high was formed at $64,142 before there was a sharp decline. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair. It dived below the $60,800
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-risk-60k/
