Bitcoin's price has been unable to break through the $65,500 resistance level, causing it to fall below $63,000.This decline has led to immediate resistance levels, and if Bitcoin cannot break through $65,500, its price may drop below $60,000.

Bitcoin's price is currently correcting its gains after failing to surpass the $65,500 resistance level, despite rising above $64,500. The highest price recorded was $65,550. The first major resistance is at $64,000, followed by $65,000, with the main hurdle at $65,500.

If Bitcoin can break through this level, its price may rise, with the next resistance at $66,650. If Bitcoin's price closes above $66,650, it may continue its upward trend and potentially reach $68,000.

If Bitcoin cannot break through the $63,500 level, it may enter a downward trend. The immediate support level is around $62,000, with the first major support at $61,000. If Bitcoin's price closes below $61,000, it may enter a downward trend towards $60,000.

Further losses could lead to a price of $58,000 in the near term. Technical indicators such as the hourly MACD and RSI also suggest a bearish trend, with the hourly MACD gaining momentum in the bearish zone and the hourly RSI trending below 50.