Bitcoin price failed to clear the $61,500 resistance zone. BTC is now retesting the $58,000 support and might attempt a fresh increase.
Bitcoin started a fresh decline from the $61,500 resistance zone.
The price is trading below $60,000 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $59,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might attempt a fresh increase if it stays above the $58,000 zone.
Bitcoin Price Holds Support
Bitcoin price failed to settle above the $61,500 resistance zone. BTC formed a short-term top and started a fresh decline below the $60,500 level. There was a move below the $60,000 and $59,000 levels.
Besides, there was a break below a key bullish trend line with support at $59,250 on the hourly chart of the BTC/USD pair. The pair retested the $58,000 support zone. A low is formed at $58,061 and the price is now consolidating losses.
Bitcoin price is now tradin
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-support-58k/
