Bitcoin's situation in lower timeframes

Bitcoin is struggling below the $62,000 to $62,500 resistance. Failure to break this level might lead to a decline towards $60,000-$59,000. A successful break could push the price to $64,000.

6/27/20241 min read

Chart of Bitcoin showing resistance at $62,000 to $62,500 with potential decline to $60,000-$59,000
Chart of Bitcoin showing resistance at $62,000 to $62,500 with potential decline to $60,000-$59,000

The price of Bitcoin is struggling below the resistance at $62,000 to $62,500. If the price fails to stabilize above this resistance, it might decline towards the $60,000-$59,000 range. However, breaking above $62,500 could lead to growth, potentially reaching $64,000. For now, Bitcoin remains below this key resistance.