Bitcoin price is correcting gains below $113,500. BTC could continue to move down if it stays below the $114,200 resistance.
Bitcoin started a downside correction below the $114,200 support.
The price is trading below $114,000 and the 100 hourly Simple moving average.
There was a break below a bullish trend line with support at $114,050 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 $112,000 zone.
Bitcoin Price Starts Pullback
Bitcoin price extended gains above the $113,500 zone. BTC gained pace for a move above the $115,000 pivot level. The price even spiked above $116,200 before the bears appeared.
A high was formed at $116,309 and the price is now correcting some gains. There was a move below the $114,200 support zone. The price dipped below the 23.6% Fib retracement level of the recent wave from the $106,718 swing low to the $116,309 high.
Moreover, there was a break below a bullish trend l
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-faces-rejection-116k/
