Bitcoin price is struggling below $104,200. BTC could continue to move down if it stays below the $103,500 resistance.
Bitcoin started a fresh decline below the $103,500 support.
The price is trading below $103,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $102,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it fails to surpass the $103,500 zone.
Bitcoin Price Dips Again
Bitcoin price failed to stay above the $104,000 support level and started a fresh decline. BTC dipped below $103,500 and $102,400 to enter a bearish zone.
The decline was such that the price even spiked below the $101,200 support. A low was formed at $100,266 and the price is now consolidating losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $104,498 swing high to the $100,266 low.
Bitcoin is now trading below $103,000 and the 100 hourly Si
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-loses-strength-102k/
