Bitcoin price started a fresh decline below the $85,500 zone. BTC is now consolidating and might attempt to clear the $85,200 resistance zone.
Bitcoin started a fresh decline below the $85,500 zone.
The price is trading below $85,000 and the 100 hourly Simple moving average.
There is a connecting bearish trend line forming with resistance at $84,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it clears the $85,000 zone.
Bitcoin Price Eyes Fresh Increase
Bitcoin price struggled near the $86,500 zone and started a fresh decline. BTC declined below the $85,500 and $85,000 levels to enter a short-term bearish zone.
The price tested the $83,200 support. A low was formed at $83,171 and the price recently corrected some losses. There was a move above the $83,800 level. The price surpassed the 50% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low.
Bitcoin price is now trading be
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-range-bound-85k/
