{"id":12150,"date":"2026-06-09T05:00:36","date_gmt":"2026-06-09T05:00:36","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stumbles-near-64k-was-the-rebound-just-a-trap\/"},"modified":"2026-06-09T05:00:36","modified_gmt":"2026-06-09T05:00:36","slug":"bitcoin-price-stumbles-near-64k-was-the-rebound-just-a-trap","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-stumbles-near-64k-was-the-rebound-just-a-trap\/","title":{"rendered":"Bitcoin Price Stumbles Near $64K\u2014Was The Rebound Just A Trap?"},"content":{"rendered":"<p><em>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<ul>\n<li>Bitcoin started a recovery wave and climbed above $62,000.<\/li>\n<li>The price is trading above $62,200 and the 100 hourly simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might gain bullish momentum if it settles above the $64,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Recovery Faces Resistance<\/h2>\n<p>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<p>The price even surpassed the 23.6% Fib retracement level of the downward move 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<p>Bitcoin is now trading above $62,500 and the 100 hourly simple moving average. Besides, there is a bullish trend line forming with support at $62,500 on the hourly chart of the BTC\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-900889\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/06\/Bitcoin_31b9b9.png?resize=1024%2C472\" alt=\"Bitcoin Price\" width=\"1024\" height=\"472\" \/><\/p>\n<p>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<h2>Downside Continuation In BTC?<\/h2>\n<p>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<p>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<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $62,500, followed by $62,000.<\/p>\n<p>Major Resistance Levels \u2013 $64,000 and $65,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12151,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-12150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/12150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=12150"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/12150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/12151"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=12150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=12150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=12150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}