Bitcoin price declined sharply from the $104,015 high and dipped below $95,000. BTC is now recovering losses and facing hurdles near $99,000.
Bitcoin started a major decline after hitting a new all-time high at $104,015.
The price is trading above $97,500 and the 100 hourly Simple moving average.
There is a key bullish trend line forming with support at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could regain momentum if it closes above the key milestone level of $100,000.
Bitcoin Price Recovers Losses
Bitcoin price started another increase above the $98,500 resistance zone. BTC was able to clear the $99,500 and $100,000 resistance levels. The bulls even pumped it to a new all-time high.
A high was formed at $104,015 and the price saw a major downside correction. There was a drop below the $100,000 and $95,000 levels. The price tested the $92,000 zone. A low was formed at $91,800 and the price is now recovering losses.
There was a move
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-roars-back-100k/
