Bitcoin price is struggling to recover above the $67,000 zone. BTC could gain bearish momentum if there is a close below the $64,500 level.
Bitcoin is facing many hurdles near the $66,500 and $67,000 levels.
The price is trading below $67,000 and the 100 hourly Simple moving average.
There is a major bearish trend line forming with resistance near $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is now at risk of a downside break below the $64,500 support zone.
Bitcoin Price Upsides Remain Capped
Bitcoin price started a consolidation phase after there was a drop toward the $64,500 level. BTC traded as low as $64,572 and recently attempted a minor recovery wave.
There was a move above the $66,000 level. The price climbed above the 23.6% Fib retracement level of the downward wave from the $71,305 swing high to the $64,570 low. However, the bears were active near the $66,600 level.
Bitcoin is now trading below $67,000 and the 100 hourly Simple
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-struggle-67k/
