Bitcoin Price Hovers Above $60K As Traders Search For Direction

Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200.Bitcoin failed to stay above $63,200 and extended losses.
The price is trading below $62,500 and the 100 hourly simple moving average.
There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $62,500 and $63,500 levels.Bitcoin