Bitcoin's price experienced another dip, slipping below $63,500 and the 100 hourly Simple Moving Average. A significant bearish trend emerged as the price broke below a key support level at $63,700. This downward trend suggests a potential revisit to the $60,000 support zone. Conversely, Bitcoin faced resistance at $65,500 after briefly surpassing $64,500. Failure to breach the $63,500 resistance could lead to further declines, with immediate support around $62,000. If support weakens further, Bitcoin might target $60,000 or even $58,000 in the near future.#BTC #bitcoinhalving