Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop
![Bitcoin Price Takes a Plunge: Analyzing the Sudden Drop](https://internetsecuritycentral.com/wp-content/uploads/2024/06/26440-bitcoin-price-takes-a-plunge-analyzing-the-sudden-drop.jpeg)
Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken…
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