{"id":176541,"date":"2026-06-08T00:59:12","date_gmt":"2026-06-08T00:59:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=176541"},"modified":"2026-06-08T00:59:12","modified_gmt":"2026-06-08T00:59:12","slug":"bitcoin-price-fights-back-is-the-worst-finally-over","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=176541","title":{"rendered":"Bitcoin Price Fights Back\u2014Is The Worst Finally Over?"},"content":{"rendered":"

Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone.<\/em><\/p>\n

Bitcoin managed to form a base above $60,000 and started a recovery wave.
\nThe price is trading above $62,500 and the 100 hourly simple moving average.
\nThere was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might gain bullish momentum if it settles above the $64,500 zone.<\/p>\n

Bitcoin Price Eyes Fresh Gains<\/h2>\n

Bitcoin price remained supported above the $60,000 zone<\/a>. BTC formed a base and settled above $61,200 to start a recovery wave. There was a move above the $62,000 and $62,200 levels.<\/p>\n

Besides, there was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC\/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move<\/a> from the $74,100 swing high to the $59,107 low.<\/p>\n

However, the bears are active near $64,000. Bitcoin is now trading above $62,500 and the 100 hourly simple moving average. If the price remains stable above $62,000, it could attempt a fresh increase. Immediate resistance is near the $64,500 level.<\/p>\n

<\/a><\/p>\n

The first key resistance is near the $65,000 level. A close above the $65,000 resistance might send the price further higher. In the stated case, the price could rise and test the $66,500 resistance or the 50% Fib retracement level of the downward move from the $74,100 swing high to the $59,107 low. Any more gains might send the price toward the $68,500 level. The next barrier for the bulls could be $70,000.<\/p>\n

Another Decline In BTC?<\/h2>\n

If Bitcoin fails to rise above the $64,500 resistance zone, it could start another decline. Immediate support is near the $62,800 level.<\/p>\n

The first major support is near the $62,500 level. The next support is now near the $62,000 zone. Any more losses might send the price toward the $61,500 support in the near term. The main support now sits at $61,200, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $62,500, followed by $62,000.<\/p>\n

Major Resistance Levels \u2013 $64,500 and $66,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone. Bitcoin managed to form a base above $60,000 and started a recovery wave. The price is trading above $62,500 and the 100 hourly simple moving average. There was a […]<\/p>\n","protected":false},"author":0,"featured_media":176542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-176541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176541"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=176541"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/176541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/176542"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=176541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=176541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=176541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}