Bitcoin price started a fresh decline below $68,500 and $68,000. BTC is now consolidating and might struggle to start a recovery wave above $68,500.
Bitcoin started a fresh decline after it settled above the $69,500 zone.
The price is trading below $68,000 and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support at $68,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip again if it trades below the $65,500 and $65,000 levels.
Bitcoin Price Starts Another Decline
Bitcoin price failed to extend its increase above the $68,500 zone. BTC started a fresh decline after it settled below the $68,000 support zone.
The bears pushed the price below $67,500 and $67,200. Besides, there was a break below a major bullish trend line with support at $68,900 on the hourly chart of the BTC/USD pair. Finally, the price tested the $65,500 zone. A low was formed at $65,646, and the price is now consolidating l
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-sinks-below-68k/
