Bitcoin price failed to clear the $60,650 resistance. BTC is now correcting gains and might decline toward the $57,500 support zone.
Bitcoin is correcting gains and trading well below the $60,000 level.
The price is trading below $58,800 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could climb again if it stays above the $57,500 support zone.
Bitcoin Price Starts Downside Correction
Bitcoin price started a decent increase after it broke the $58,500 resistance zone. BTC was able to climb above the $59,500 resistance. The pair even cleared the $60,000 resistance zone.
However, the bears seem to be active near the $60,650 resistance zone. A high was formed at $60,638 and the price is now correcting gains. There was a drop below the $59,500 level. The price even dipped below the 23.6% Fib retracement level of the upward move from the $
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-downside-60k/
