Bitcoin Price Gives Back Gains, But Structure Remains Bullish
Bitcoin price started a fresh decline from the $78,400 zone. BTC is consolidating and might struggle to stay above the $73,500 support. Bitcoin failed to stay above $76,500 and corrected gains. The price is trading below $75,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance at $75,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $75,500 and $76,000 levels. Bitcoin Price Dips Again Bitcoin price failed to stay above the $77,500 resistance zone. BTC formed a top....
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