Bitcoin price corrected gains and traded below the $125,000 pivot level. BTC is now consolidating near $122,200 and might struggle to rally above $125,000s.
Bitcoin started a downside correction below the $124,000 level. The price is trading below $123,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $122,200 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 $122,000 zone. Bitcoin Price Dips Again
Bitcoin price extended gains above the $125,000 zone. BTC climbed above the $125,250 and $125,500 resistance levels before the bears appeared.
A new high was formed at $126,198 before there was a correction. The price dipped
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