Bitcoin price started a fresh decline below the $65,000 level. BTC is now testing the $62,850 support zone and might start another increase.
Bitcoin is correcting below the $65,500 zone.
The price is trading below $65,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line with resistance at $63,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it stays above the $62,500 support zone.
Bitcoin Price Revisits Support
Bitcoin price started a fresh decline from the $66,000 resistance. BTC broke the $65,000 and $64,500 support levels to move into a short-term bearish zone.
The price even dipped below $63,500. A low was formed at $62,883 and the price is now consolidating losses. The price is now trading below the 23.6% Fib retracement level of the downward move from the $66,055 swing high to the $62,833 low.
Bitcoin is now trading below $64,500 and the 100 hourly Simple moving average. If
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-support-62500/
