Bitcoin price is struggling to recover above $112,000. BTC is now consolidating and might decline if there is a move below the $110,800 level.
Bitcoin started a fresh decline from the $113,200 zone.
The price is trading below $111,500 and the 100 hourly Simple moving average.
There is a bullish trend line forming with support at $111,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another decline if it stays below the $112,500 zone.
Bitcoin Price Remains At Risk
Bitcoin price started a fresh recovery wave from the $110,100 zone. BTC managed to climb above the $110,800 and $111,500 resistance levels.
The bulls were able to push the price above $112,500 and $113,000. However, the bears remained active near the $113,200 zone and prevented more gains. There was a fresh bearish reaction, and the price traded below $112,000. A low was formed at $110,820 and the price is now consolidating losses.
Bitcoin is now trading below $111,500 an
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-bulls-on-edge-113k/
