Bitcoin Price Could Top In Short Term, Why Dips Might Be Attractive

Bitcoin Price Could Top In Short Term, Why Dips Might Be Attractive


Bitcoin price is still struggling to clear the $21,500 resistance zone. BTC could correct further lower if there is a clear move below the $20,500 support zone.

Bitcoin struggled to clear the $21,500 resistance zone and corrected lower. The price is trading below $21,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $21,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down below the $20,650 and $20,500 support levels. Bitcoin Price Starts Downside Correction

Bitcoin price failed to clear the key hurdle near the $21,500 resistance zone. BTC started a downside correction from the $21,639 swing high. It traded below the

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