<\/p>\n
Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down.<\/em><\/p>\n Bitcoin price failed to continue higher above $71,200 and reacted to the downside<\/a>. BTC trimmed gains and declined below the $70,000 support.<\/p>\n The bears pushed the price below $68,800 and $68,000. The price tested the $65,000 zone. A low was formed at $65,030, and the price is now consolidating losses<\/a> near the 23.6% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low.<\/p>\n Bitcoin is now trading below $68,000 and the 100 hourly simple moving average. There is also a bearish trend line forming with resistance at $67,250 on the hourly chart of the BTC\/USD pair.<\/p>\n If the price remains stable above $65,750, it could attempt a fresh increase. Immediate resistance is near the $68,000 level. The first key resistance is near the $67,250 level and the trend line. A close above the $67,250 resistance might send the price further higher.<\/p>\n In the stated case, the price could rise and test the $68,500 resistance or the 50% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. Any more gains might send the price toward the $69,200 level. The next barrier for the bulls could be $70,000.<\/p>\n If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support is near the $65,750 level. The first major support is near the $65,000 level.<\/p>\n The next support is now near the $64,200 zone. Any more losses might send the price toward the $64,000 support in the near term. The main support now sits at $63,500, below which BTC might struggle to recover in the near term.<\/p>\n Technical indicators:<\/p>\n Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now just the 50 level.<\/p>\n Major Support Levels \u2013 $65,750, followed by $65,000.<\/p>\n Major Resistance Levels \u2013 $67,250 and $68,500.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin price failed to stay above $68,800 and declined further. BTC is now consolidating below $68,000 and might continue to move down. Bitcoin started a fresh decline from well above the $70,500 zone. The price is trading below $68,800 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":2,"featured_media":423202,"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-423197","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\/423197","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=423197"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423197\/revisions"}],"predecessor-version":[{"id":423203,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/423197\/revisions\/423203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/423202"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=423197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=423197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=423197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin Price Extends Losses<\/h2>\n
More Losses In BTC?<\/h2>\n