Bitcoin price failed again to gather pace above the $43,500 resistance level. BTC started a fresh decline and might soon revisit the $40,000 support.
Bitcoin is moving lower below the $42,000 support zone.
The price is trading below $42,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $41,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could find strong buying interest near the $40,600 and $40,000 levels.
Bitcoin Price Declines Below $42K
Bitcoin price attempted more gains above the $43,000 level. However, BTC failed to clear the $43,500 resistance and formed another rejection pattern.
A high was formed near $43,421 and the price started a fresh decline. There was a move below the $42,200 and $42,000 levels. The price declined below the 50% Fib retracement level of the upward move from the $40,605 swing low to the $43,421 high.
Bitcoin is now trading below $42,000 and the 100 hourly Simple moving
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-drops-again-40k/
