Bitcoin Price Struggles Below Key Resistance Levels
- The Bitcoin price failed to stay above $68,800 and is consolidating below $68,000.
- BTC started a decline from above the $70,500 zone, testing a low of $65,030.
- A bearish trend line forms with resistance at $67,250 on the BTC/USD hourly chart.
- Immediate support levels are near $65,750 and $65,000 with major resistance at $67,250 and $68,500.
Bitcoin’s price struggles to maintain momentum above key resistance levels after failing to hold gains above $71,200. The price has tested significant support zones but remains under pressure from bearish trends.
Currently trading below its moving averages and key resistances like $67,250 could indicate further declines if Bitcoin fails to break through these barriers soon.
