Bitcoin price is correcting gains below $113,500. BTC could continue to move down if it stays below the $114,200 resistance.
Bitcoin started a downside correction below the $114,200 support. The price is trading below $114,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $114,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $112,000 zone. Bitcoin Price Starts Pullback
Bitcoin price extended gains above the $113,500 zone. BTC gained pace for a move above the $115,000 pivot level. The price even spiked above $116,200 before the bears appeared.
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A high was formed at $116,309 and the price
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