Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000.Bitcoin started a fresh decline from the $62,550 resistance level.
The price is trading below $61,500 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct higher, but upsides might be limited above the $62,000 resi