Bitcoin price failed to gain momentum above the USD 62,500 and USD 62,650 resistance levels.
The main support is now forming near the USD 60,000 level, below which the price might start a stronger decline.
If there is a fresh increase, an immediate resistance is near the USD 61,200 level.
A downside break below USD 4,200 could lead the price towards USD 4,120.
On the upside, an initial resistance is near the USD 4,320 level.
An immediate resistance is near USD 1.98, above which the price might rise towards the USD 2.05 level in the near term.
Overall, bitcoin price is showing a few bearish signs below USD 62,000 in the near term.