Bitcoin price started a fresh decline below the $75,500 zone. BTC is consolidating and might struggle to stay above the $74,000 support.
Bitcoin failed to stay above $76,000 and extended losses.
The price is trading below $75,500 and the 100 hourly simple moving average.
There is a bearish trend line forming with resistance at $74,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might extend losses if it stays below the $75,000 and $75,500 levels.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $76,200 support zone. BTC remained in a bearish zone and extended losses below the $75,800 level. There was a move below the $75,500 level.
The price even dipped below $75,000. A low was formed at $74,050 and the price is now consolidating losses. It is still struggling below the 23.6% Fib retracement level of the downward move from the $77,810 swing high to the $74,050 low.
Bitcoin is now trading below $75,000 and the 100 hourly simp
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-extends-decline-74k/
