Bitcoin price extended losses and traded below $88,500. BTC is consolidating losses and might attempt a recovery wave if it clears $88,500.
Bitcoin started a minor recovery wave from the $86,000 level.
The price is trading below $88,200 and the 100 hourly Simple moving average.
There is a new bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might recover if it manages to settle above $86,200 and $86,000.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $89,000 support and extended losses. BTC declined sharply below the $88,500 and $87,000 support levels.
The bears even pushed the price below $86,500. A low was formed at $86,007, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $91,099 swing high to the $86,007 low.
Bitcoin is now trading below $88,500 and the 100 hourly Simple moving average.
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-breakdown-85k/
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