Bitcoin price remained supported above the $94,200 zone. BTC is forming a base and might start a fresh increase above the $98,000 resistance.
Bitcoin started a fresh decline below the $98,000 support zone.
The price is trading below $97,500 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $97,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could regain momentum if it closes above the $98,000 resistance zone.
Bitcoin Price Stays Above Support
Bitcoin price extended losses below the $98,000 support zone. There was a move below the $96,500 support. The price even spiked below $95,000.
A low was formed at $94,314 and the price is now consolidating losses. There was a recovery wave above the $96,650 level. The price climbed above the 61.8% Fib retracement level of the downward wave from the $98,267 swing high to the $94,314 low.
Bitcoin price is now trading below $98,000 and the 100 hourly Simpl
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-94250/
