Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?

Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?

Bitcoin price traded to a new all-time high above $69,000 before crashing. BTC is now consolidating near $63,000 and might decline toward the $60,000 support.


  • Bitcoin price created history again and traded to a new all-time above $69,000.

  • The price is trading below $65,000 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 could extend losses and revisit the key $60,000 support zone.

  • Bitcoin Price Takes Hit


    Bitcoin price extended its increase above the $68,000 resistance. BTC even broke the $68,800 level and traded to a new all-time high at $69,218. However, there was a strong bearish reaction from $69,200.


    The price crashed over 10% and dived toward the $60,000 zone. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD ..

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