Bitcoin price stayed above the $68,500 support zone. BTC is now consolidating and might aim for a fresh increase above the $70,150 resistance.
Bitcoin found support near $68,500 and started a decent recovery wave.
The price is trading below $70,000 and the 100 hourly Simple moving average.
There is a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could decline again if there is no move above the $70,150 resistance.
Bitcoin Price Faces Resistance
Bitcoin price extended its decline below the $70,000 support zone. BTC even declined below the $69,500 level before the bulls appeared near $68,500. A low was formed at $68,409 and the price is now attempting a recovery wave.
There was a move above the $69,250 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $71,900 swing high to the $68,409 low.
Bitcoin is now trading below $70,000 and the 100 hou
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-resurgence-70k/
