BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe first key resistance is near the $65,500 level. A clear move above the $65,500 resistance might spark another increase in the coming sessions. The next key resistance could be $66,200. The next major hurdle sits at $66,800 and the 100 hourly Simple moving average. A close above the $66,800 resistance might push the price further higher. In the stated case, the price could rise and test the $68,000 resistance.<\/p>\n
More Losses In BTC?<\/h2>\n
If Bitcoin fails to recover above the $65,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,000 level.<\/p>\n
The first major support is $63,200. The next support is now near $62,500. Any more losses might send the price toward the $61,500 support zone in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $64,000, followed by $63,200.<\/p>\n
Major Resistance Levels \u2013 $65,500, and $66,800.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price started another decline below the $66,500 level. BTC is gaining bearish momentum and might revisit the $63,200 support. Bitcoin started a fresh decline from the $68,500 resistance zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair might extend losses and trade toward the $63,200 support zone. Bitcoin Price Gains Bearish Momentum Bitcoin price failed to hold gains above the $66,500 support level. BTC started another decline and traded below the $66,000 support zone. There was a move below the 50% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. Besides, there was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC\/USD pair. The pair is now accelerating lower below the $65,000 level. Bitcoin price is now trading below $66,000 and the 100 hourly Simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $63,225 swing low to the $68,313 high. If there is a recovery wave, the price could face resistance near the $65,200 level. The first key resistance is near the $65,500 level. A clear move above the $65,500 resistance might spark another increase in the coming sessions. The next key resistance could be $66,200. The next major hurdle sits at $66,800 and the 100 hourly Simple moving average. A close above the $66,800 resistance might push the price further higher. In the stated case, the price could rise and test the $68,000 resistance. More Losses In BTC? If Bitcoin fails to recover above the $65,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $64,000 level. The first major support is $63,200. The next support is now near $62,500. Any more losses might send the price toward the $61,500 support zone in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $64,000, followed by $63,200. Major Resistance Levels \u2013 $65,500, and $66,800.<\/p>\n","protected":false},"author":67,"featured_media":631419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83361],"tags":[428,679,1144,78790,76835],"class_list":["post-631417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n
Bitcoin Price Falls Again: Is Bearish Momentum Returning?<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n