Bitcoin price extended its losses and traded below the $65,000 level. BTC even tested the $64,000 zone. A low was formed at $64,050 and the price is now correcting losses. There was a minor recovery above the $64,500 level. The price climbed above the 23.6% Fib retracement level of the recent drop from the $67,255 swing high to the $64,050 low. However, the bears are still active near the $65,500 zone. Bitcoin is now trading below $65,500 and the 100 hourly Simple moving average. There is also a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair. On the upside, ... (full story)