{"id":12166,"date":"2026-06-10T05:00:38","date_gmt":"2026-06-10T05:00:38","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-back-under-pressure-after-recovery-hopes-fade\/"},"modified":"2026-06-10T05:00:38","modified_gmt":"2026-06-10T05:00:38","slug":"bitcoin-price-back-under-pressure-after-recovery-hopes-fade","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-back-under-pressure-after-recovery-hopes-fade\/","title":{"rendered":"Bitcoin Price Back Under Pressure After Recovery Hopes Fade"},"content":{"rendered":"<p><em>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<ul>\n<li>Bitcoin failed to stay above $64,000 and extended losses.<\/li>\n<li>The price is trading below $62,800 and the 100 hourly simple moving average.<\/li>\n<li>There 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).<\/li>\n<li>The pair might extend losses if it stays below the $62,500 and $62,200 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Again<\/h2>\n<p>Bitcoin price failed to clear the $64,500 resistance zone. BTC started a downside correction and declined below the key support at $63,500 to enter a bearish zone.<\/p>\n<p>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<p>Bitcoin is now trading below $62,500 and the 100 hourly simple moving average. 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<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-901083\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/06\/Bitcoin_51d3f1.png?resize=1024%2C472\" alt=\"Bitcoin Price\" width=\"1024\" height=\"472\" \/><\/p>\n<p>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<h2>Downside Extension In BTC?<\/h2>\n<p>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<p>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<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish 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 $61,200, followed by $60,200.<\/p>\n<p>Major Resistance Levels \u2013 $62,500 and $64,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12167,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-12166","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\/12166","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=12166"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/12166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/12167"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=12166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=12166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=12166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}