Bitcoin price is moving lower below $29,000. BTC could extend losses below $28,000 and revisit the $27,200 support zone in the near term.
Bitcoin remained in a bearish zone below the $29,500 support zone.
The price is trading below $29,000 and the 100 hourly Simple moving average.
There is a major bearish trend line forming with resistance near $28,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down if it breaks the $28,000 support zone.
Bitcoin Price Extends Losses
Bitcoin price started a fresh decline from the $30,500 resistance zone. BTC traded below the $30,000 and $29,500 levels to move into a short-term bearish zone.
The bears gained strength below the $29,000 level. They were able to push the price toward the $28,000 support zone. A low is formed near $28,009 and the price is now consolidating losses. Bitcoin price is now trading well below $29,000 and the 100 hourly Simple moving average.
Immediate resistance is near the $28
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-could-revisit-27-2k/
