Bitcoin price started a fresh decline below the $72,500 zone. BTC is consolidating and might continue to move down if it dips below $70,500.
Bitcoin failed to stay above $73,500 and extended losses. The price is trading below $72,500 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $73,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $72,500 and $73,500 levels. Bitcoin Price Takes A Hit
Bitcoin price failed to stay above the $74,000 support zone. BTC remained in a bearish zone and extended losses below the $73,500 level. There was a move below the $73,000 level.
Trending: Report: Teen Brain Dead After Falling from Car During Celebration After San Antonio Spurs’ Win
There was a break below a bullish trend line with support at $73,250 on the hourly chart of the BTC/USD pair. The price even dipped below $72,000.
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!