Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000.
Bitcoin started a fresh decline from the $62,550 resistance level.
The price is trading below $61,500 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct higher, but upsides might be limited above the $62,000 resistance zone.
Bitcoin Price Nosedives
Bitcoin price failed to recover above the $63,500 level. BTC struggled above $63,000 and started another decline. There was a strong decline below the $62,000 and $61,500 levels.
The price even declined below the $60,000 level. A low was formed at $58,448 and the price is now correcting losses. There was a minor increase above the $59,800 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $64,460 swing h
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-dives-breaks-60k/
