Bitcoin Price Drops Under $60K Again: Can It Stage a Recovery?

Bitcoin price started a fresh decline and traded below $60,000. BTC is struggling and might continue to move down toward the $56,500 support. Bitcoin gained bearish momentum below the $62,000 support level. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $61,500 on the hourly chart of the BTC/USD pair... source: https://www.newsbtc.com/analysis/btc/bitcoin-price-drops-60k/