Bitcoin Price Extends Decline: Can $60K Serve as a Lifeline?

Bitcoin price extended losses and traded below the $61,850 zone. BTC is now holding the $60,000 support, but it remains at risk. Bitcoin is struggling to start a fresh increase above $62,850 zone. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,250 on the hourly chart of the BTC/USD pair (data... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-decline-60k/