<\/p>\n
Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000.<\/em><\/p>\n Bitcoin price failed to remain stable above the $67,200 zone. BTC started a fresh decline and traded below the $66,500 support zone<\/a>. There was a push below $66,000.<\/p>\n The price even spiked below $65,000. There was also a break below a bullish trend line with support at $68,000 on the hourly chart of the BTC\/USD pair. A low was formed at $64,203, and the price is now correcting some losses. There was a move above $64,500, but the price is still well below the 23.6% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low.<\/p>\n Bitcoin is now trading below $66,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $64,200, it could attempt a fresh increase. Immediate resistance is near the $65,250 level.<\/p>\n The first key resistance is near the $66,400 level or the 50% Fib retracement level of the recent decline from the $68,653 swing high to the $64,203 low. A close above the $66,400 resistance might send the price further higher. In the stated case, the price could rise and test the $67,000 resistance. Any more gains might send the price toward the $67,600 level. The next barrier for the bulls could be $68,000 and $68,500.<\/p>\n If Bitcoin fails to rise above the $66,000 resistance zone, it could start another decline. Immediate support is near the $64,400 level. The first major support is near the $64,200 level.<\/p>\n The next support is now near the $63,500 zone. Any more losses might send the price toward the $62,850 support in the near term. The main support now sits at $62,000, below which BTC might struggle to recover 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 $64,500, followed by $64,200.<\/p>\n Major Resistance Levels \u2013 $66,000 and $66,500.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin price failed to stay above $68,000 and dipped sharply. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,500 support. The price is trading below $66,500 and the 100 hourly simple moving average. There was a break below a bullish trend line […]<\/p>\n","protected":false},"author":2,"featured_media":420436,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-420427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=420427"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420427\/revisions"}],"predecessor-version":[{"id":420437,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/420427\/revisions\/420437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/420436"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=420427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=420427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=420427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin Price Dives Over 5%<\/h2>\n
Another Decline In BTC?<\/h2>\n