Bitcoin price started a downside correction from the $97,800 zone. BTC is now trading below $95,000 and testing the $93,500 support zone.
Bitcoin remained supported above the $94,500 zone.
The price is trading below $96,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $95,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it clears the $95,750 zone.
Bitcoin Price Dips To Support
Bitcoin price started a downside correction after it failed to clear the $98,000 resistance. BTC declined below the $96,500 and $95,500 support levels.
The bears even pushed it below $95,000. A low was formed at $93,570 and the price is now attempting to recover. There was a move above the $94,000 level and toward the 23.6% Fib retracement level of the recent decline from the $97,885 swing high to the $93,570 low.
Bitcoin price is now trading below $96,000 and the 100 hourly
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-eases-98k/
