{"id":603212,"date":"2024-04-15T03:15:14","date_gmt":"2024-04-15T03:15:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603212"},"modified":"2024-06-11T08:35:03","modified_gmt":"2024-06-11T08:35:03","slug":"bitcoin-price-downside-thrust-60500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-downside-thrust-60500\/","title":{"rendered":"Bitcoin Price Downside Thrust Over Or The Bears Are Not Done Yet?"},"content":{"rendered":"
Bitcoin price started a major decline amid the Israel-Iran tensions. BTC declined toward $60,500 and is currently attempting a recovery wave.<\/em><\/p>\n
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Bitcoin is attempting a recovery wave from the $60,500 support zone.<\/li>\n
The price is trading below $65,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key rising channel forming with resistance at $65,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $66,000 resistance zone.<\/li>\n<\/ul>\n
Bitcoin Price Recovery Faces Hurdles<\/h2>\n
Bitcoin price started a major decline below the $70,000 level. BTC gained bearish momentum amid rising tensions between Israel and Iran. There was a sharp decline below the $66,000 and $65,000 levels<\/a>.<\/p>\n