Bitcoin price started another decline from the $102,500 zone. BTC is trimming gains and struggling to stay above the $96,500 support zone.
Bitcoin started a fresh decline below the $100,000 level.
The price is trading below $99,500 and the 100 hourly Simple moving average.
There is a new connecting bearish trend line forming with resistance at $99,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it stays above the $95,500 zone.
Bitcoin Price Dips Below $100,000
Bitcoin price failed to continue higher above the $102,500 zone. It started another decline below the $100,000 zone. BTC gained bearish momentum for a move below the $98,500 and $97,500 levels.
The bears pushed the price below the 50% Fib retracement level of the upward move from the $91,000 swing low to the $102,500 high. The price even tested the $96,500 support zone and is currently consolidating losses. There is also a new connecting bearish trend line
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-pulls-back-100k/
