Bitcoin price dips again as recovery optimism diminishes.

crypthub

6/10/2026, 3:20:23 AM

Current Bearish Market Trend

Bitcoin initiated a downside correction, failing to maintain support above the $64,000 mark. The price has declined, breaking below a bullish trend line and technical support at $62,500. Bearish signs are evident, with the price trading below the 100 hourly simple moving average. This suggests the asset may continue extending losses downward.

Key Resistance and Support Zones

Immediate resistance levels are noted near $62,000 and $62,200. A break above these resistance areas could potentially lead to testing the $64,000 zone. Conversely, the primary immediate support is situated near the $61,200 level. Further downward support appears at the $60,200 zone, with major support holding at $58,500.

Technical Indicator Signals

Technical indicators currently suggest a weakening upward momentum. The hourly MACD is gaining pace within the bearish zone, and the RSI is below the 50 level. Major resistance remains at $62,500 and $64,000. Traders must monitor the $61,200 and $60,200 levels for critical support changes.