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3 years ago

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BTC price looks to recover after a decline from $60k

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BTC price looks to recover after a decline from $60k

BTC/USD hourly chart. Source: TradingView On the downside, BTC/USD is struggling to retain the upside momentum above $58,000. The cryptocurrency is seeing increased sell orders near the 0.5 Fib level ($58,182), with a fresh downward correction likely to push prices past the 0.618 Fib level ($57,732). The next cushion is at the 100 SMA ($56,780), which could open up a path for sellers to revisit intraday lows of $56,275.

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BTC price looks to recover after a decline from $60k

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BTC price looks to recover after a decline from $60k

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