Bitcoin's price has continued to fall below the $62,000 support level. BTC has even fallen below $60,000 support level and 100 hourly simple moving average. Finally, the price dropped to $58,630 and is currently consolidating losses. Above the $59,500 and $60,000 levels, there was a brief recovery wave. The primary drop from the $66,350 swing high to the $58,630 low was broken above the 23.6 percent Fib retracement level.