Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term.
Bitcoin failed to clear the $65,000 resistance zone and corrected gains.
The price is trading below $63,500 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $63,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might slip further toward the $61,750 level before the bulls appear.
Bitcoin Price Trims Gains
Bitcoin price attempted more upsides above the $65,000 resistance zone. However, the bears were active and protected more gains. A high was formed at $64,950 and the price is now correcting gains.
There was a decline below the $64,000 level. The price traded below the 23.6% Fib retracement level of the upward wave from the $58,572 swing low to the $64,950 high. Besides, there was a break below a key bullish trend line with support at $
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-slips-63500/
