Bitcoin price struggled below the $68,500 resistance zone. BTC is correcting gains and might decline further below the $65,500 support zone.
- Bitcoin started a correction wave from the $68,500 resistance zone.
- The price is trading below $66,500 and the 100 hourly Simple moving average.
- There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might extend losses and trade below the $65,500 support zone.
Bitcoin Price Holds Gains Above $67K
Bitcoin price failed to stay above the $66,500 and $67,000 resistance levels. BTC extended its decline and traded below the $66,000 support level to move into a short-term bearish zone.
There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair. The pair even spiked below the $65,500 level. A low is formed at $65,458 and the price is now…
