Bitcoin price is correcting gains from the $122,250 zone. BTC is now consolidating and might aim for a move toward the $120,500 resistance zone.
Bitcoin started a fresh increase above the $118,500 zone.
The price is trading above $118,000 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $119,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might start another increase if it clears the $120,500 resistance zone.
Bitcoin Price Aims Fresh Increase
Bitcoin price found support near the $115,500 zone and started a fresh increase. BTC was able to climb above the $117,500 and $118,800 resistance levels.
The price even cleared the $120,500 resistance to move into a positive zone. Finally, the price tested the $122,250 resistance zone. A high was formed at $122,273 and the price recently corrected some gains. There was a move below the $120,500 level.
The price dipped below the 50% Fib retracemen
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-eases-from-highs-122k/
