Bitcoin Price Falters: Another Downturn In Crypto Prices

Bitcoin Price Falters: Another Downturn In Crypto Prices


Bitcoin price failed to stay above the $68,500 support zone. BTC extended losses and now showing bearish signs below the $68,800 level.

Bitcoin started another decline from the $70,150 resistance zone. The price is trading below $68,800 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could further if there is a clear move below the $68,000 level. Bitcoin Price Dips Again

Bitcoin price attempted another increase above the $69,500 resistance zone. BTC even broke the $70,000 resistance zone but it failed to extend gains. A high was formed at $70,142 before there was a fresh decline.

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The price

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