{"id":177833,"date":"2026-06-10T03:13:52","date_gmt":"2026-06-10T03:13:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=177833"},"modified":"2026-06-10T03:13:52","modified_gmt":"2026-06-10T03:13:52","slug":"bitcoin-price-back-under-pressure-after-recovery-hopes-fade","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=177833","title":{"rendered":"Bitcoin Price Back Under Pressure After Recovery Hopes Fade"},"content":{"rendered":"

Bitcoin price started a downside correction from the $64,600 zone. BTC is showing bearish signs and might continue lower below $61,200.<\/em><\/p>\n

Bitcoin failed to stay above $64,000 and extended losses.
\nThe price is trading below $62,800 and the 100 hourly simple moving average.
\nThere was a break below a bullish trend line with support at $62,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might extend losses if it stays below the $62,500 and $62,200 levels.<\/p>\n

Bitcoin Price Dips Again<\/h2>\n

Bitcoin price failed to clear the $64,500 resistance zone. BTC started a downside correction<\/a> and declined below the key support at $63,500 to enter a bearish zone.<\/p>\n

There was a move below the 50% Fib retracement level of the upward move from the $59,070 swing low to the $64,613 high. Besides, there was a break below a bullish trend line with support at $62,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $62,500 and the 100 hourly simple moving average<\/a>. If the price remains stable above $61,500, it could attempt a fresh increase. Immediate resistance is near the $62,000 level. The first key resistance is near the $62,200 level.<\/p>\n

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

A close above the $62,200 resistance might send the price further higher. In the stated case, the price could rise and test the $64,000 resistance. The next resistance could be near the $64,500 level. Any more gains might send the price toward the $66,000 level. The main hurdle for the bulls could be $66,500.<\/p>\n

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

If Bitcoin fails to rise above the $62,500 resistance zone, it could start another decline. Immediate support is near the $61,200 level or the 61.8% Fib retracement level of the upward move from the $59,070 swing low to the $64,613 high.<\/p>\n

The first major support is near the $60,950 level. The next support is now near the $60,200 zone. Any more losses might send the price toward the $59,000 support in the near term. The main support now sits at $58,500, 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 bearish 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 $61,200, followed by $60,200.<\/p>\n

Major Resistance Levels \u2013 $62,500 and $64,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a downside correction from the $64,600 zone. BTC is showing bearish signs and might continue lower below $61,200. Bitcoin failed to stay above $64,000 and extended losses. The price is trading below $62,800 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at […]<\/p>\n","protected":false},"author":0,"featured_media":177834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177833","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\/177833"}],"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=177833"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/177834"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}