Bitcoin price is still struggling below the $29,650 zone. BTC could gain bearish momentum if there is a close below the $29,100 support.
Bitcoin is showing a few bearish signs below the $29,650 zone.
The price is trading below $29,400 and the 100 hourly Simple moving average.
There is a short-term bullish trend line forming with support near $29,320 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down if it breaks the $29,250 and $29,100 support levels.
Bitcoin Price Stuck Below $30K
Bitcoin price remained well below the $30,000 resistance zone. BTC attempted a short-term upward move but the bears were active near the $29,650 resistance zone.
A high was formed near $29,657 before there was a fresh decline to $29,250. The price is now consolidating and trading above the 23.6% Fib retracement level of the recent decline from the $29,657 swing high to the $29,250 low.
Bitcoin is now trading below $29,400 and the 100 hourly Simple moving ave
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-muted-29650/
