Bitcoin price started a downside correction below $92,500. BTC is now struggling and might face barriers for a fresh increase near $92,000.
Bitcoin started a downside correction and traded below the $91,200 zone.
The price is trading below $91,500 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $92,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it stays below the $92,000 zone.
Bitcoin Price Attempts Recovery
Bitcoin price failed to stay above $93,500 and started a downside correction. BTC dipped below $93,000 and $92,000 to enter a short-term bearish zone.
The price even dipped below $91,200 and tested $90,000. A low was formed at $89,225 and the price is now attempting a fresh increase. There was a move above $90,500. The price climbed higher to test the 50% Fib retracement level of the recent decline from the $93,770 swing high to the $89,225 low.
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We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-89k/
