Bitcoin Drops Again After Failed Recovery — $100K Support Now in Focus
Bitcoin price failed to recover above $105,000. BTC is trimming gains and might could continue to move down if it trades below $101,200. Bitcoin started a fresh decline after it failed to clear $105,500. The price is trading below $105,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $103,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $101,200 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $105,500 pivot level.....
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