Bitcoin price started a downside correction taking it below $66,000. BTC is now correcting gains and might extend losses. Bitcoin struggled close to $70,000 and started a downside correction. The price is trading at $65,673; down 1.66%. There was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC\/USD pair.
The BTC\/USD pair might extend losses if it fails to break past the $66,000 support zone. Last week, Bitcoin price extended gains above the $68,500 resistance zone. BTC even spiked toward the $70,000 resistance zone. However, it failed to stay near $70,000 and started a downside correction.
There was a move below the $68,500 and $68,000 support levels. Besides, there was a break below a key bullish trend line with support at $68,620 on the hourly chart of the BTC\/USD pair. The pair even declined below the $66,500 support zone.
The zone of $66,000 was tested. At $66,063, a low was noticed, and the market was consolidating losses. The 100 hourly Simple Moving Average and $68,500 are both below the current price of bitcoin. The $67,000 mark may provide resistance for the price increase. Near the $67,200 mark, or the 23.6% Fib retracement level of the decline from the $69,985 swing high to the $66,036 low, is the first significant resistance level. A clear move above the $67,200 resistance might send the price further higher in the coming sessions.
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Bitcoin price started a downside correction taking it below $66,000. BTC is now correcting gains and might extend losses. Bitcoin struggled close to $70,000 and started a downside correction. The price is trading at $65,673; down 1.66%. There was a break below a key bullish trend line with support at $68,620 on the hourly chart …<\/p>\n","protected":false},"author":13,"featured_media":98174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[9231,9675],"class_list":["post-104356","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin-price","tag-selling-pressure"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=104356"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104356\/revisions"}],"predecessor-version":[{"id":104362,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/104356\/revisions\/104362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=104356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=104356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=104356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}