Bitcoin is at risk of falling to $62,000

Bitcoin is experiencing selling pressure and could fall below $62,000. The price attempted to break above $65,000 but failed, and is currently trading below the 100 hourly SMA.

• Bottom line:

  • Support: $62,400, $62,000

    Resistance: $63,350, $64,000, $65,000

Indicator:

• MACD: Rising in falling zone

• RSI: Below 50

If it fails to overcome $63,350, Bitcoin could drop to $61,200 and $60,000.