Bitcoin price attempted an upside break above the $30,000 resistance. BTC failed and corrected lower toward the $28,400 support zone.
Bitcoin is struggling to gain pace above the $29,400 and $29,500 resistance levels.
The price is trading below $29,200 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $28,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $27,850 support zone.
Bitcoin Price Remains Supported
Bitcoin price gained pace for a move above the $29,200 resistance zone. However, BTC struggled to remain in a positive zone above the $29,400 and $29,500 resistance levels.
The bulls struggled near the $30,000 resistance zone. A high was formed near $29,975 and the price started a fresh decline. There was a move below the $29,500 and $29,200 support levels. A low is formed near $28,360 and the price is now consolidating losses.
Bitcoin price is tradin
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-rejects-30k/
