Bitcoin price started a recovery wave above $89,500 but failed above $90,000. BTC is declining and might dip further if it breaks $88,000.
Bitcoin failed to remain above $90,000 and started another decline.
The price is trading above $88,200 and the 100 hourly simple moving average.
There is a rising channel forming with support at $88,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip further if it trades below the $88,000 and $87,500 levels.
Bitcoin Price Faces Rejection
Bitcoin price remained stable above the $88,000 support. BTC formed a base and recently started a recovery wave above the $88,500 level.
The price climbed above the $89,000 and $89,500 levels. There was a move above the 76.4% Fib retracement level of the downward move from the $91,098 swing high to the $86,007 low. The bulls even pushed the price above $90,000 but they failed to keep the price in a positive zone.
There was a fresh decline below $89,000. Bitcoin is n
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-backs-off-90k/
