Bitcoin Price Dumped To $66K As Bears Gain Strength, $64K Next?

Apr 2, 2024 04:00 am Cryptocurrency 49

Bitcoin price started another decline from the $70,000 resistance zone. BTC is down over 5% and there was a move below the $67,500 support.

Bitcoin price is gaining bearish momentum from the $70,000 resistance zone.

The price is trading below $68,500 and the 100 hourly Simple moving average.

There is a key bearish trend line forming with resistance near $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could extend its decline toward the $64,000 support zone in the near term.

Bitcoin Price Turns Red

Bitcoin price struggled to settle above the $70,000 resistance zone. BTC reacted to the downside after it broke the $69,200 support zone. There was a sharp move below the $68,500 level.

The price even declined below the $67,000 level. Finally, it tested the $66,000 with a bearish angle. A low was formed near $65,992 and the price is now attempting a recovery wave. There was a move ..

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