Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $75,500 support.
Bitcoin failed to stay above $77,500 and corrected gains.
The price is trading below $77,000 and the 100 hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $76,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $76,000 and $75,500 levels.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $77,500 support zone. BTC remained in a bearish zone and extended losses below the $77,000 level. There was a move below the $76,500 level.
The price even dipped below $76,000. A low was formed at $75,652 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the downward move from the $79,480 swing high to the $75,652 low.
Bitcoin is now trading below $77,000 and the
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-under-76500/
