Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level.
Bitcoin started a fresh decline below the $95,000 zone.
The price is trading below $94,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it stays above the $92,000 support zone.
Bitcoin Price Revisits Support
Bitcoin price failed to start another increase and extended losses below the $98,000 zone. BTC gained bearish momentum below the $96,500 and $95,500 levels.
The price even spiked below $92,500. A low was formed at $92,417 and the price is now consolidating losses. There was a minor increase above the $94,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low.
Bitcoin price is now
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-thin-ice-92000/
