Bitcoin price started a fresh decline below the $106,800 zone. BTC is now consolidating and facing resistance near the $106,200 zone.
Bitcoin started a fresh decline below the $106,200 zone.
The price is trading below $106,800 and the 100 hourly Simple moving average.
There is a short-term triangle forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $103,500 zone.
Bitcoin Price Dips Again
Bitcoin price started a fresh decline after it failed to clear the $108,800 resistance zone. BTC dipped below the $108,000 and $107,000 levels.
There was a clear move below the $106,200 support level. Finally, the price tested the $103,500 zone. A low was formed at $103,400 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $108,924 swing high to the $103,400 low.
Bitcoin is now trading below $106
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-stumbles-108k/
