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Bitcoin

Bitcoin Price Targets Recovery: Will It Surpass the $60K Mark?

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Bitcoin worth is slowly shifting larger above the $56,500 stage. BTC may achieve bullish momentum if it clears the $58,500 resistance zone.

  • Bitcoin began a restoration wave above the $56,500 and $57,000 ranges.
  • The worth is buying and selling above $57,000 and the 100 hourly Easy shifting common.
  • There’s a connecting bullish development line forming with help at $57,200 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair may begin a contemporary enhance above the $58,500 resistance zone.

Bitcoin Value Goals Increased

Bitcoin worth began a restoration wave above the $56,500 stage. BTC even climbed above the $57,500 stage. Nonetheless, the bears are once more energetic close to the $58,500 resistance zone.

A excessive was shaped at $58,200 and the worth is now consolidating in a variety. It additionally examined the 23.6% Fib retracement stage of the upward transfer from the $54,955 swing low to the $58,200 excessive. The bulls appear to be energetic above the $57,000 stage.

Bitcoin worth is now buying and selling above $57,200 and the 100 hourly Easy shifting common. There’s additionally a connecting bullish development line forming with help at $57,200 on the hourly chart of the BTC/USD pair. Quick resistance on the upside is close to the $58,200 stage.

The primary key resistance is close to the $58,500 stage. A transparent transfer above the $58,500 resistance may begin an honest enhance within the coming periods. The following key resistance could possibly be $59,200. A detailed above the $59,200 resistance may begin a gentle enhance and ship the worth larger. Within the acknowledged case, the worth may rise and take a look at the $60,000 resistance. Any extra beneficial properties is perhaps troublesome.

One other Decline In BTC?

If Bitcoin fails to climb above the $58,500 resistance zone, it may begin one other decline. Quick help on the draw back is close to the $57,400 stage.

The primary main help is $57,200 and the development line. The following help is now close to $56,200 and the 61.8% Fib retracement stage of the upward transfer from the $54,955 swing low to the $58,200 excessive. Any extra losses may ship the worth towards the $55,000 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now shedding tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now above the 50 stage.

Main Help Ranges – $57,200, adopted by $56,200.

Main Resistance Ranges – $58,200, and $58,500.

Bitcoin

Can Bulls Overcome Resistance for a Recovery?

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Bitcoin worth is consolidating losses above the $55,000 degree. BTC should settle above $58,500 after which $60,000 to begin a restoration wave.

  • Bitcoin dipped once more and retested the $54,500 help zone.
  • The worth is buying and selling under $58,500 and the 100 hourly Easy transferring common.
  • There’s a connecting bearish development line forming with resistance at $57,650 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may wrestle to begin a recent enhance above the $58,500 resistance zone.

Bitcoin Value Faces Hurdles

Bitcoin worth tried a restoration wave above the $56,500 degree. BTC even climbed above the $57,500 degree. Nevertheless, it did not proceed greater above the $58,200 zone.

A excessive was fashioned at $58,129 and the worth began a recent decline. There was a drop under the $57,000 and $55,500 degree. A low has fashioned close to $54,954 and the worth is now consolidating losses. There was a minor enhance above the 50% Fib retracement degree of the downward transfer from the $58,129 swing excessive to the $54,954 low.

Bitcoin worth continues to be buying and selling under $57,500 and the 100 hourly Easy transferring common. Instant resistance on the upside is close to the $57,250 degree or the 76.4% Fib retracement degree of the downward transfer from the $58,129 swing excessive to the $54,954 low.

The primary key resistance is close to the $57,650 degree. There may be additionally a connecting bearish development line forming with resistance at $57,650 on the hourly chart of the BTC/USD pair.

Supply: BTCUSD on TradingView.com

A transparent transfer above the development line may ship the worth towards the $58,200 degree. The subsequent key resistance might be $58,500. An in depth above the $58,500 resistance may begin a gradual enhance and ship the worth greater. Within the acknowledged case, the worth might rise and check the $60,000 resistance.

One other Decline In BTC?

If Bitcoin fails to climb above the $57,650 resistance zone, it might begin one other decline. Instant help on the draw back is close to the $56,000 degree.

The primary main help is $55,500. The subsequent help is now close to $54,500. Any extra losses may ship the worth towards the $5,200 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.

Main Help Ranges – $55,500, adopted by $54,500.

Main Resistance Ranges – $57,650, and $58,500.

Bitcoin

Bitcoin Price Downtrend Continues: Brace for More Losses

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Bitcoin worth failed to begin a restoration wave above the $58,500 resistance zone. BTC began one other decline and would possibly lengthen losses under $54,000.

  • Bitcoin began a recent decline and traded under the $56,500 zone.
  • The worth is buying and selling under $56,500 and the 100 hourly Easy shifting common.
  • There’s a connecting bearish development line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair would possibly wrestle to begin a recent improve above the $58,000 resistance zone.

Bitcoin Worth Turns Pink

Bitcoin worth began a restoration wave above the $57,000 stage. BTC even climbed above the $58,000 stage. Nonetheless, the bears have been energetic close to the $58,500 resistance zone.

A excessive was shaped at $58,396 and the value began a recent decline. There was a drop under the $57,000 and $56,500 stage. A low has shaped close to $54,301 and the value is now consolidating losses. There was a minor improve towards the 23.6% Fib retracement stage of the downward transfer from the $58,396 swing excessive to the $54,301 low.

Bitcoin worth remains to be buying and selling under $56,500 and the 100 hourly Easy shifting common. Quick resistance on the upside is close to the $56,000 stage. The primary key resistance is close to the $56,400 stage.

There may be additionally a connecting bearish development line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair. The development line is close to the 50% Fib retracement stage of the downward transfer from the $58,396 swing excessive to the $54,301 low. A transparent transfer above the development line would possibly ship the value towards the $57,400 stage. The subsequent key resistance might be $58,400.

Supply: BTCUSD on TradingView.com

A detailed above the $58,40 resistance would possibly begin a gentle improve and ship the value increased. Within the said case, the value might rise and take a look at the $60,000 resistance within the coming classes.

Extra Losses In BTC?

If Bitcoin fails to climb above the $56,400 resistance zone, it might proceed to maneuver down. Quick assist on the draw back is close to the $54,400 stage.

The primary main assist is $53,650. The subsequent assist is now forming close to $53,200. Any extra losses would possibly ship the value towards the $52,000 assist zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now under the 50 stage.

Main Help Ranges – $54,400, adopted by $53,500.

Main Resistance Ranges – $56,400, and $58,400.

Bitcoin

Risk of More Losses as $55K Test Looms

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Bitcoin worth failed to start out a restoration wave above the $61,500 resistance zone. BTC began one other decline and may dive towards $55,000.

  • Bitcoin began a recent decline and traded beneath the $58,500 zone.
  • The worth is buying and selling beneath $60,000 and the 100 hourly Easy shifting common.
  • There’s a key bearish development line forming with resistance at $58,350 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may battle to start out a recent enhance above the $60,000 resistance zone.

Bitcoin Worth Extends Losses

Bitcoin worth struggled to start out a good restoration wave above the $61,500 resistance stage. The bears remained in motion and pushed BTC beneath the $60,000 help zone. There was a pointy decline beneath the $58,500 stage.

The worth even spiked beneath the $57,000 stage. A low was shaped at $56,650 and the worth is now consolidating losses. It looks like the bulls are struggling to start out a restoration wave from the $56,650 stage as the worth is now effectively beneath the 23.6% Fib retracement stage of the downward transfer from the $63,800 swing excessive to the $56,650 low.

Bitcoin worth is now buying and selling beneath $60,000 and the 100 hourly Easy shifting common. There may be additionally a key bearish development line forming with resistance at $58,350 on the hourly chart of the BTC/USD pair.

If there’s a respectable enhance, the worth might face resistance close to the $57,500 stage. The primary key resistance is close to the $58,350 stage and the development line. A transparent transfer above the development line may ship the worth towards the $60,000 stage.

Supply: BTCUSD on TradingView.com

The following key resistance might be $60,200 and the 50% Fib retracement stage of the downward transfer from the $63,800 swing excessive to the $56,650 low. A transparent transfer above the $60,200 resistance may begin a gentle enhance and ship the worth increased. Within the said case, the worth might rise and check the $61,500 resistance.

Extra Losses In BTC?

If Bitcoin fails to climb above the $58,350 resistance zone, it might proceed to maneuver down. Rapid help on the draw back is close to the $56,650 stage.

The primary main help is $56,200. The following help is now forming close to $55,800. Any extra losses may ship the worth towards the $55,000 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now beneath the 50 stage.

Main Assist Ranges – $56,650, adopted by $55,000.

Main Resistance Ranges – $58,350, and $60,000.

Bitcoin

Bitcoin Price Takes a 5% Hit: Can Bulls Save The Week?

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Bitcoin worth failed to start out a contemporary enhance above the $62,850 resistance zone. BTC began one other decline and tumbled 5% to check $58,000.

  • Bitcoin began a contemporary decline and traded beneath the $60,000 zone.
  • The value is buying and selling beneath $61,500 and the 100 hourly Easy transferring common.
  • There’s a connecting bearish development line forming with resistance at $60,000 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair would possibly battle to start out a contemporary enhance above the $60,850 resistance zone.

Bitcoin Worth Dives 5%

Bitcoin worth struggled to start out an honest restoration wave above the $62,850 resistance stage. The bears took management and pushed BTC beneath the $61,200 help zone. There was a pointy decline beneath the $60,000 stage.

The value declined 5% and even spiked beneath the $58,000 stage. A low was shaped at $57,890 and the worth is now consolidating losses. There was a minor enhance above the $58,500 stage and approaching the 23.6% Fib retracement stage of the downward transfer from the $63,798 swing excessive to the $57,890 low.

Bitcoin worth is now buying and selling beneath $61,500 and the 100 hourly Easy transferring common. There may be additionally a connecting bearish development line forming with resistance at $60,000 on the hourly chart of the BTC/USD pair.

If there’s a first rate enhance, the worth might face resistance close to the $60,000 stage and the development line. The primary key resistance is close to the $60,850 stage and the 50% Fib retracement stage of the downward transfer from the $63,798 swing excessive to the $57,890 low.

The subsequent key resistance might be $61,500. A transparent transfer above the $61,500 resistance would possibly begin a gentle enhance and ship the worth larger. Within the said case, the worth might rise and take a look at the $62,250 resistance. Any extra positive aspects would possibly ship BTC towards the $63,500 resistance within the close to time period.

Extra Losses In BTC?

If Bitcoin fails to climb above the $60,000 resistance zone, it might proceed to maneuver down. Speedy help on the draw back is close to the $58,250 stage.

The primary main help is $58,000. The subsequent help is now forming close to $57,800. Any extra losses would possibly ship the worth towards the $56,500 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now beneath the 50 stage.

Main Help Ranges – $58,250, adopted by $58,000.

Main Resistance Ranges – $59,250, and $60,000.

Bitcoin

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

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Bitcoin value recovered and examined the $63,650 resistance zone. BTC is now consolidating beneficial properties and may make one other try and surpass $63,650.

  • Bitcoin began an honest improve above the $62,500 and $63,000 ranges.
  • The value is buying and selling above $62,250 and the 100 hourly Easy transferring common.
  • There’s a connecting bullish pattern line forming with help at $62,800 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair may achieve bullish momentum if it clears the $63,650 resistance zone.

Bitcoin Worth Holds Floor

Bitcoin value began an honest upward transfer above the $61,200 zone. BTC was in a position to clear the $62,000 and $63,000 resistance ranges to maneuver right into a short-term constructive zone.

Nonetheless, the bears took a stand close to the $63,650 zone. A excessive was fashioned at $63,798 and the value lately corrected some beneficial properties. There was a transfer beneath the $63,200 stage. The value examined the 23.6% Fib retracement stage of the upward transfer from the $59,950 swing low to the $63,798 excessive.

Bitcoin value is now buying and selling above $62,250 and the 100 hourly Easy transferring common. There’s additionally a connecting bullish pattern line forming with help at $62,800 on the hourly chart of the BTC/USD pair.

If there’s one other improve, the value might face resistance close to the $63,250 stage. The primary key resistance is close to the $63,650 stage. The following key resistance might be $64,000. A transparent transfer above the $64,000 resistance may begin a gentle improve and ship the value larger.

Within the acknowledged case, the value might rise and take a look at the $65,000 resistance. Any extra beneficial properties may ship BTC towards the $66,500 resistance within the close to time period.

Are Dips Supported In BTC?

If Bitcoin fails to climb above the $63,650 resistance zone, it might slowly transfer down. Speedy help on the draw back is close to the $62,800 stage and the pattern line.

The primary main help is $62,200. The following help is now forming close to $61,800 and the 100 hourly Easy transferring common. It’s near the 50% Fib retracement stage of the upward transfer from the $59,950 swing low to the $63,798 excessive. Any extra losses may ship the value towards the $60,500 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now above the 50 stage.

Main Assist Ranges – $62,800, adopted by $61,800.

Main Resistance Ranges – $63,650, and $64,000.

Bitcoin

Bitcoin Price Spikes 5%, Can BTC Bulls Take Back Control?

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Bitcoin value is up practically 5% and there was a transfer above $62,500. BTC is now testing the $63,500 resistance zone with a optimistic angle.

  • Bitcoin began an honest enhance above the $62,200 and $62,400 ranges.
  • The value is buying and selling above $62,500 and the 100 hourly Easy transferring common.
  • There was a break above a serious bearish pattern line with resistance at $61,000 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair would possibly battle to proceed increased above the $63,650 resistance zone.

Bitcoin Value Begins Restoration

Bitcoin value shaped a base above the $60,000 zone. BTC remained steady and was in a position to begin an honest enhance above the $61,500 resistance zone.

There was a break above a serious bearish pattern line with resistance at $61,000 on the hourly chart of the BTC/USD pair. The bulls have been in a position to pump the worth above the $62,500 resistance. It’s up practically 5% and buying and selling close to the $63,650 resistance zone.

Bitcoin value is buying and selling above $62,500 and the 100 hourly Easy transferring common. It’s steady and nicely above the 23.6% Fib retracement stage of the upward transfer from the $59,949 swing low to the $63,675 excessive.

If there may be one other enhance, the worth might face resistance close to the $63,650 stage. The primary key resistance is close to the $64,000 stage. The following key resistance could possibly be $64,400. A transparent transfer above the $64,400 resistance would possibly begin a gradual enhance and ship the worth increased.

Supply: BTCUSD on TradingView.com

Within the said case, the worth might rise and take a look at the $65,500 resistance. Any extra beneficial properties would possibly ship BTC towards the $66,000 resistance within the close to time period.

Are Dips Restricted In BTC?

If Bitcoin fails to climb above the $63,650 resistance zone, it might begin a draw back correction. Fast help on the draw back is close to the $62,800 stage.

The primary main help is $61,800 and the 50% Fib retracement stage of the upward transfer from the $59,949 swing low to the $63,675 excessive. The following help is now forming close to $61,250 and the 100 hourly Easy transferring common. Any extra losses would possibly ship the worth towards the $60,500 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now above the 50 stage.

Main Help Ranges – $62,800, adopted by $61,800.

Main Resistance Ranges – $63,650, and $64,400.

Bitcoin

Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound

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Bitcoin worth is consolidating above the $60,550 assist zone. BTC might keep away from extra downsides if it manages to get well above the $62,400 resistance.

  • Bitcoin remains to be struggling to get well above the $62,200 and $62,400 ranges.
  • The value is buying and selling above $61,500 and the 100 hourly Easy transferring common.
  • There was a break above a significant bearish development line with resistance at $61,250 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair would possibly begin one other decline except there’s a shut above the $62,400 resistance zone.

Bitcoin Value Faces Hurdles

Bitcoin worth struggled to rise above the $62,400 resistance zone. BTC once more declined beneath $62,000, however the bulls have been in a position to shield the $60,550 assist. The latest excessive was fashioned at $62,297 and the worth is now consolidating.

Not too long ago, there was a break above a significant bearish development line with resistance at $61,250 on the hourly chart of the BTC/USD pair. It’s buying and selling above the 50% Fib retracement stage of the upward transfer from the $60,580 swing low to the $62,297 excessive.

Bitcoin worth is now buying and selling above $61,500 and the 100 hourly Easy transferring common. If there’s one other improve, the worth might face resistance close to the $62,250 stage. The primary key resistance is close to the $62,400 stage.

The following key resistance might be $62,500. A transparent transfer above the $62,500 resistance would possibly begin a gradual improve and ship the worth larger. Within the acknowledged case, the worth might rise and check the $63,500 resistance. Any extra positive aspects would possibly ship BTC towards the $64,400 resistance within the close to time period.

One other Decline In BTC?

If Bitcoin fails to climb above the $62,400 resistance zone, it might begin one other decline. Speedy assist on the draw back is close to the $61,450 stage and the 100 hourly Easy transferring common.

The primary main assist is $61,150 and the 61.8% Fib retracement stage of the upward transfer from the $60,580 swing low to the $62,297 excessive. The following assist is now forming close to $60,550. Any extra losses would possibly ship the worth towards the $58,500 assist zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now dropping tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 stage.

Main Help Ranges – $61,150, adopted by $60,550.

Main Resistance Ranges – $62,250, and $62,400.

Bitcoin

Key Support Levels to Monitor

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Bitcoin worth did not get well above the $62,500 resistance zone. BTC is displaying bearish indicators and may decline once more beneath the $60,000 assist.

  • Bitcoin struggled to get well above the $62,200 and $62,500 ranges.
  • The worth is buying and selling beneath $62,000 and the 100 hourly Easy transferring common.
  • There’s a main bearish development line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may begin one other decline except there’s a shut above the $62,000 resistance zone.

Bitcoin Worth Stays At Threat

Bitcoin worth began a restoration wave above the $61,200 zone. BTC even tried a transfer above the $62,000 resistance zone. Nonetheless, the bears have been energetic close to the $62,500 zone.

A excessive was fashioned at $62,454 and the worth is now transferring decrease. There was a transfer beneath the $61,500 degree. The worth declined beneath the 23.6% Fib retracement degree of the upward transfer from the $58,448 swing low to the $62,454 excessive.

Bitcoin worth is buying and selling beneath $62,000 and the 100 hourly Easy transferring common. There’s additionally a serious bearish development line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair.

The worth is now secure above the 50% Fib retracement degree of the upward transfer from the $58,448 swing low to the $62,454 excessive. If there’s one other enhance, the worth may face resistance close to the $61,500 degree. The primary key resistance is close to the $61,850 degree and the development line.

Supply: BTCUSD on TradingView.com

The subsequent key resistance might be $62,000. A transparent transfer above the $62,000 resistance may begin a gentle enhance and ship the worth greater. Within the acknowledged case, the worth may rise and take a look at the $62,500 resistance. Any extra good points may ship BTC towards the $63,500 resistance within the close to time period.

Extra Losses In BTC?

If Bitcoin fails to climb above the $62,000 resistance zone, it may begin one other decline. Instant assist on the draw back is close to the $60,450 degree.

The primary main assist is $60,000. The subsequent assist is now forming close to $59,500. Any extra losses may ship the worth towards the $58,500 assist zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now beneath the 50 degree.

Main Assist Ranges – $60,500, adopted by $60,000.

Main Resistance Ranges – $62,000, and $62,500.

Bitcoin

Market Reels From Sharp Decline

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Bitcoin value gained bearish momentum and traded under $60,000. BTC is signaling a short-term downtrend and may face hurdles close to $62,000.

  • Bitcoin began a recent decline from the $62,550 resistance stage.
  • The worth is buying and selling under $61,500 and the 100 hourly Easy shifting common.
  • There’s a key bearish development line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (information feed from Kraken).
  • The pair may right greater, however upsides may be restricted above the $62,000 resistance zone.

Bitcoin Value Nosedives

Bitcoin value didn’t recuperate above the $63,500 stage. BTC struggled above $63,000 and began one other decline. There was a robust decline under the $62,000 and $61,500 ranges.

The worth even declined under the $60,000 stage. A low was fashioned at $58,448 and the value is now correcting losses. There was a minor improve above the $59,800 stage. The worth climbed above the 23.6% Fib retracement stage of the downward transfer from the $64,460 swing excessive to the $58,448 low.

Bitcoin value is now buying and selling under $61,500 and the 100 hourly Easy shifting common. If there’s a restoration wave, the value may face resistance close to the $61,500 stage.

The primary main resistance might be $62,150 or the 50% Fib retracement stage of the downward transfer from the $64,460 swing excessive to the $58,448 low. The subsequent key resistance might be $62,500. There may be additionally a key bearish development line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair.

Supply: BTCUSD on TradingView.com

A transparent transfer above the $62,500 resistance may begin a gentle improve and ship the value greater. Within the said case, the value may rise and take a look at the $63,500 resistance. Any extra positive factors may ship BTC towards the $65,000 resistance within the close to time period.

One other Drop In BTC?

If Bitcoin fails to climb above the $62,500 resistance zone, it may proceed to maneuver down. Fast help on the draw back is close to the $61,200 stage.

The primary main help is $60,000. The subsequent help is now forming close to $58,500. Any extra losses may ship the value towards the $57,000 help zone within the close to time period.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now under the 50 stage.

Main Assist Ranges – $61,200, adopted by $60,000.

Main Resistance Ranges – $62,150, and $62,500.