{"id":627541,"date":"2024-07-03T02:48:38","date_gmt":"2024-07-03T02:48:38","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=627541"},"modified":"2024-07-03T02:48:38","modified_gmt":"2024-07-03T02:48:38","slug":"bitcoin-price-back-62k","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/btc\/bitcoin-price-back-62k\/","title":{"rendered":"Bitcoin Price Takes a Step Back: Analyzing The Recent Correction"},"content":{"rendered":"
Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains and might revisit the $60,850 support.<\/em><\/p>\n
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Bitcoin started a downside correction from the $63,650 resistance zone.<\/li>\n
The price is trading below $62,500 and the 100 hourly Simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might struggle to start a fresh increase above the $62,250 resistance zone.<\/li>\n<\/ul>\n