Bitcoin price corrected gains and traded below the $124,000 level. BTC is now struggling and might continue to move down below $120,000.
Bitcoin started a downside correction below the $123,200 level.
The price is trading below $123,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $122,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it trades below the $120,000 zone.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $125,000 zone and started a fresh decline. BTC dipped below the $124,000 support to enter a short-term bearish zone.
The bears even pushed the price below $121,200. A low was formed at $119,810 and the price recently recovered some losses. There was a move toward the 50% Fib retracement level of the recent decline from the $123,750 swing high to the $119,810 low.
However, the bears are still active near $121,750. Bitcoin is now tr
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-correction-deepens-120k/
