Bitcoin Price Faces Key Challenge and At Risk of Downside Correction

Bitcoin Price Faces Key Challenge and At Risk of Downside Correction


Bitcoin price is facing a major hurdle near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,500 support zone.

Bitcoin seems to be facing a major challenge near the $21,450 and $21,500 levels. The price is trading above $20,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $21,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $20,800 and $20,500 support levels. Bitcoin Price Keeps Struggling

Bitcoin price attempted an upside break above the $21,500 resistance zone. However, BTC failed to gain pace above the $21,500 zone. A high was formed near

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