{"id":10845,"date":"2026-04-02T04:11:06","date_gmt":"2026-04-02T04:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-recovery-slips-sellers-tighten-grip-on-market\/"},"modified":"2026-04-02T04:11:06","modified_gmt":"2026-04-02T04:11:06","slug":"bitcoin-price-recovery-slips-sellers-tighten-grip-on-market","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-price-recovery-slips-sellers-tighten-grip-on-market\/","title":{"rendered":"Bitcoin Price Recovery Slips, Sellers Tighten Grip on Market"},"content":{"rendered":"<p><em>Bitcoin price started a recovery wave above $68,000. BTC is now struggling to surpass $68,800 and showing signs of a fresh decline.<\/em><\/p>\n<ul>\n<li>Bitcoin failed to settle above $68,800 and trimmed most gains.<\/li>\n<li>The price is trading below $67,200 and the 100 hourly simple moving average.<\/li>\n<li>There was a break below a rising channel with support at $67,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another decline if it stays below the $68,000 and $67,800 levels.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Rejection<\/h2>\n<p>Bitcoin price formed a base above $66,500 and started a recovery wave. BTC was able to settle above $67,200 to move into a short-term positive zone.<\/p>\n<p>The price climbed above the $67,500 resistance zone. The bulls even cleared the 38.2% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. However, the bears were active near the $69,200 resistance zone.<\/p>\n<p>The price failed to clear the 61.8% Fib retracement level of the downward move from the $71,985 swing high to the $65,030 low. There was a fresh bearish reaction and there was a break below a rising channel with support at $67,200 on the hourly chart of the BTC\/USD pair.<\/p>\n<p>Bitcoin is now trading below $67,200 and the 100 hourly simple moving average. If the price remains stable above $66,000, it could attempt a fresh increase. Immediate resistance is near the $67,800 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-890058\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin_148ac3.png?resize=1024%2C512\" alt=\"Bitcoin Price \" width=\"1024\" height=\"512\" \/><\/p>\n<p>The first key resistance is near the $68,500 level. A close above the $68,500 resistance might send the price further higher. In the stated case, the price could rise and test the $69,250 resistance. Any more gains might send the price toward the $69,500 level. The next barrier for the bulls could be $70,000.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support is near the $66,000 level. The first major support is near the $65,750 level.<\/p>\n<p>The next support is now near the $65,500 zone. Any more losses might send the price toward the $65,000 support in the near term. The main support now sits at $64,200, below which BTC might struggle to recover in the near term.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $66,000, followed by $65,500.<\/p>\n<p>Major Resistance Levels \u2013 $67,800 and $68,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a recovery wave above $68,000. BTC is now struggling to surpass $68,800 and showing signs of a fresh decline. Bitcoin failed to settle above $68,800 and trimmed most gains. The price is trading below $67,200 and the 100 hourly simple moving average. There was a break below a rising channel with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10846,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-10845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10845"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10846"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}