Bitcoin Price Still At Risk of Major Downside Break Below $60K

Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline.Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone.
The price is trading below $62,800 and the 100 hourly Simple moving average.
There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bearish momentum if it set