Bitcoin price started a downside correction from the $62,700 resistance zone. BTC is now consolidating near $58,500 and struggling to recover.
Bitcoin started a decent downward move below the $61,500 and $60,000 levels.
The price is trading below $60,000 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might decline further if it trades below the $58,500 support zone.
Bitcoin Price Holds Support
Bitcoin price started a downside correction after it failed to stay above $62,500. BTC declined below the $61,500 and $60,000 levels to move into a short-term bearish zone.
There was a break below a key bullish trend line with support at $61,000 on the hourly chart of the BTC/USD pair. The pair even dipped below the 50% Fib retracement level of the upward move from the $54,556 swing low to the $62,700 high.
Bitcoin price is now trading below $6
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-trims-gains-58k/
