{"id":596464,"date":"2024-03-06T03:07:12","date_gmt":"2024-03-06T03:07:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=596464"},"modified":"2024-06-11T08:10:21","modified_gmt":"2024-06-11T08:10:21","slug":"bitcoin-price-crashes-60k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-crashes-60k\/","title":{"rendered":"Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?"},"content":{"rendered":"<p><em>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.<\/em><\/p>\n<ul>\n<li>Bitcoin price created history again and traded to a new all-time above $69,000.<\/li>\n<li>The price is trading below $65,000 and the 100 hourly Simple moving average.<\/li>\n<li>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).<\/li>\n<li>The pair could extend losses and revisit the key $60,000 support zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Takes Hit<\/h2>\n<p>Bitcoin price extended its increase above the $68,000 resistance. BTC even broke the $68,800 level and traded to a <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-ath-70k\/\" target=\"_blank\" rel=\"noopener \">new all-time high<\/a> at $69,218. However, there was a strong bearish reaction from $69,200.<\/p>\n<p>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 pair. A low was formed near $59,150 and the price is now attempting a recovery wave.<\/p>\n<p>There was a move above the $62,000 resistance. It is now facing resistance near the $64,000 zone and the 50% Fib retracement level of the downward move from the $69,218 swing high to the $59,150 low.<\/p>\n<p>Bitcoin is now trading below $64,000 and the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-restarts-rally-65k\/\" target=\"_blank\" rel=\"noopener \">100 hourly Simple moving average<\/a>. Immediate resistance is near the $64,000 level. The next key resistance could be $64,200, above which the price could rise toward the $65,500 resistance zone.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-596465\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?resize=1024%2C461\" alt=\"Bitcoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/03\/Bitcoin_f7bdbb.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/p>\n<p>If there is a clear move above the $65,500 resistance zone or the 61.8% Fib retracement level of the downward move from the $69,218 swing high to the $59,150 low, the price could rise toward the $67,000 level. Any more gains might send the price toward the $70,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $64,200 resistance zone, it could start another downside correction. Immediate support on the downside is near the $62,000 level.<\/p>\n<p>The first major support is $61,500. If there is a close below $61,500, the price could start a decent pullback toward the $60,000 zone. Any more losses might send the price toward the $58,500 support zone.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $62,000, followed by $60,000.<\/p>\n<p>Major Resistance Levels \u2013 $64,200, $65,500, and $67,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 pair. A low was formed near $59,150 and the price is now attempting a recovery wave. There was a move above the $62,000 resistance. It is now facing resistance near the $64,000 zone and the 50% Fib retracement level of the downward move from the $69,218 swing high to the $59,150 low. Bitcoin is now trading below $64,000 and the 100 hourly Simple moving average. Immediate resistance is near the $64,000 level. The next key resistance could be $64,200, above which the price could rise toward the $65,500 resistance zone. Source: BTCUSD on TradingView.com If there is a clear move above the $65,500 resistance zone or the 61.8% Fib retracement level of the downward move from the $69,218 swing high to the $59,150 low, the price could rise toward the $67,000 level. Any more gains might send the price toward the $70,000 level. More Losses In BTC? If Bitcoin fails to rise above the $64,200 resistance zone, it could start another downside correction. Immediate support on the downside is near the $62,000 level. The first major support is $61,500. If there is a close below $61,500, the price could start a decent pullback toward the $60,000 zone. Any more losses might send the price toward the $58,500 support zone. Technical indicators: Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level. Major Support Levels \u2013 $62,000, followed by $60,000. Major Resistance Levels \u2013 $64,200, $65,500, and $67,000.<\/p>\n","protected":false},"author":67,"featured_media":460369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-596464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K?<\/title>\n<meta name=\"description\" content=\"Bitcoin price traded to a new all-time high above $69,000 before crashing. 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