Bitcoin price is trimming gains from the $124,000 zone. BTC is now consolidating below $120,000 and might aim for a recovery wave.
Bitcoin started a downside correction from the $124,000 zone.
The price is trading below $122,000 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $120,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another increase if it clears the $120,000 resistance zone.
Bitcoin Price Dips Sharply
Bitcoin price traded to a new all-time high near $124,000 before the bears appeared. BTC started a correction and traded below the $122,000 support zone.
There was a move below the $121,200 support zone and the 100 hourly Simple moving average. Besides, there was a break below a key bullish trend line with support at $120,000 on the hourly chart of the BTC/USD pair. The pair tested the $117,250 zone.
It is now consolidating losses and has recovered some losses to
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-slides-120k/
