{"id":638451,"date":"2025-08-29T02:48:44","date_gmt":"2025-08-29T02:48:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=638451"},"modified":"2025-08-29T02:48:44","modified_gmt":"2025-08-29T02:48:44","slug":"bitcoin-price-range-60k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-range-60k\/","title":{"rendered":"Bitcoin Price Holds in Range: Can Bulls Launch a Recovery?"},"content":{"rendered":"
Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term.<\/em><\/p>\n
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Bitcoin tested the $58,000 zone before there was a minor recovery.<\/li>\n
The price is trading below $62,000 and the 100 hourly Simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair might slip again if there is no move above the $60,500 resistance.<\/li>\n<\/ul>\n