Bitcoin price failed to climb above the $66,500 resistance. BTC is again moving lower and might decline below the $64,600 support zone.
Bitcoin started a fresh decline from the $66,500 resistance level.
The price is trading below $65,500 and the 100 hourly Simple moving average.
There was a break below a connecting bullish trend line with support at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend losses if there is a clear move below the $64,600 and $64,200 support levels.
Bitcoin Price Faces Rejection
Bitcoin price started a recovery wave above the $65,000 level. BTC climbed above the $65,500 and $66,200 levels. However, the bears were active near the $66,500 zone. A high was formed at $66,444 and the price started another decline.
There was a move below the $65,500 and $65,400 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $64,050 swing low to the $66,444 high. Besides, there
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