Bitcoin price corrected gains and tested the $66,500 support. BTC is now struggling and might decline further below the $65,000 zone.
Bitcoin is struggling to recover losses and moving lower below $67,500.
The price is trading below $67,500 and the 100 hourly simple moving average.
There is a declining channel forming with resistance at $68,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might dip again if it trades below the $66,500 and $66,000 levels.
Bitcoin Price Dips Further
Bitcoin price failed to remain stable above the $68,500 zone. BTC started a fresh decline and traded below the $67,800 support zone. There was a push below $67,200.
The price dipped below the 61.8% Fib retracement level of the upward move from the $65,072 swing low to the $70,935 high. However, the bulls remained active near the $66,500 zone. Besides, there is a declining channel forming with resistance at $68,850 on the hourly chart of the BTC/USD pair.
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We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-toward-66500/
