Bitcoin price started a fresh decline below the $95,000 support. BTC must stay above the $90,000 zone to avoid more losses in the near term.
Bitcoin started a fresh decline from the $98,500 zone.
The price is trading below $95,500 and the 100 hourly Simple moving average.
There is a short-term triangle forming with resistance at $92,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another decline if it fails to stay above the $90,000 zone.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $96,500 level and started a fresh decline. BTC declined heavily below the $95,000 and $94,200 support levels.
The price even dived below the $92,500 level. It tested the $90,800 zone. A low was formed at $90,888 and the price is now consolidating losses. It is back above the $91,500 level and now faces hurdles near the 23.6% Fib retracement level of the downward move from the $96,483 swing high to the $90,888 low.
Bitcoin price is
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-tumbles-91000/
