Bitcoin price failed to clear $90,000 and trimmed all gains. BTC is now consolidating losses and might struggle to stay above $86,500.
Bitcoin started a recovery wave but failed to surpass $90,000.
The price is trading below $88,000 and the 100 hourly Simple moving average.
There is a declining channel forming with resistance at $87,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it trades below the $86,500 zone.
Bitcoin Price Dips Sharply
Bitcoin price attempted a fresh increase above $88,500 and started a recovery wave. BTC even climbed above the $89,000 barrier but struggled near $90,000.
A high was formed at $90,298 before the bears appeared. There was a sharp downside reaction below $89,000. BTC trimmed all gains and even dived below $88,000. A low was formed at $86,700, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $90,298 swing high to the $
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-erases-gains-87k/
