Bitcoin price started a fresh decline and traded below $60,000. BTC is struggling and might continue to move down toward the $56,500 support.
Bitcoin gained bearish momentum below the $62,000 support level. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip further toward the $56,500 level before the bulls appear. Bitcoin Price Takes Hit
Bitcoin price failed to recover and extended losses below the $62,500 level. The bears took over and pushed the price below the $61,200 level. The price even dived below the $60,000 level.
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A low was formed at
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