{"id":177146,"date":"2026-06-09T01:07:27","date_gmt":"2026-06-09T01:07:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=177146"},"modified":"2026-06-09T01:07:27","modified_gmt":"2026-06-09T01:07:27","slug":"bitcoin-price-stumbles-near-64k-was-the-rebound-just-a-trap","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=177146","title":{"rendered":"Bitcoin Price Stumbles Near $64K\u2014Was The Rebound Just A Trap?"},"content":{"rendered":"

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

Bitcoin started a recovery wave and climbed above $62,000.
\nThe price is trading above $62,200 and the 100 hourly simple moving average.
\nThere is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might gain bullish momentum if it settles above the $64,000 zone.<\/p>\n

Bitcoin Price Recovery Faces Resistance<\/h2>\n

Bitcoin price remained supported above the $60,500 zone. BTC formed a base and settled above $61,500 to start a recovery wave. There was a move above the $62,200 and $62,500 levels.<\/p>\n

The price even surpassed the 23.6% Fib retracement level of the downward move<\/a> from the $74,100 swing high to the $59,106 low. However, the bears seem to be active near $64,000. The price is again moving lower below the $63,200 level.<\/p>\n

Bitcoin is now trading above $62,500 and the 100 hourly simple moving average<\/a>. Besides, there is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

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

If the price remains stable above $62,500, it could attempt a fresh increase. Immediate resistance is near the $63,500 level. The first key resistance is near the $64,000 level. A close above the $64,000 resistance might send the price further higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send the price toward the $66,500 level or the 50% Fib retracement level of the downward move from the $74,100 swing high to the $59,106 low. The next barrier for the bulls could be $68,000.<\/p>\n

Downside Continuation In BTC?<\/h2>\n

If Bitcoin fails to rise above the $64,000 resistance zone, it could start another decline. Immediate support is near the $62,500 level.<\/p>\n

The first major support is near the $62,200 level. The next support is now near the $61,500 zone. Any more losses might send the price toward the $61,000 support in the near term. The main support now sits at $60,000, below which BTC might struggle to recover in the near term.<\/p>\n

Technical indicators:<\/p>\n

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

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

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

Major Resistance Levels \u2013 $64,000 and $65,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a recovery wave above the $62,500 zone. BTC is consolidating and might aim for more gains if it clears the $64,000 resistance zone. Bitcoin started a recovery wave and climbed above $62,000. The price is trading above $62,200 and the 100 hourly simple moving average. There is a bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":177147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177146","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\/177146"}],"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=177146"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/177147"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}