Bitcoin price has not recovered from the recent decline and is consolidating without a clear direction. If it fails to break $60,000, further decline is possible. 📉

On the daily chart, the asset has rejected the 200-day moving average and the resistance level of $64K. The RSI is below 50%, indicating a bearish trend. A decline to $56K and even $52K is not excluded.

On the 4-hour chart, the price is testing the $60K zone from below. Failure to return to the level may lead to a fall to $56K. But if it breaks $60K, a rise to $64K and above is possible.

BTC futures rates are bearish, which may indicate a bottom is near, but without sufficient demand, the price may continue to fall.