Bitcoin price is holding the key $26,550 support zone. BTC could start a major decline if there is a close below $26,550 and $26,400.
Bitcoin started another decline and traded below the $26,850 level. The price is trading below $27,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $27,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if there is a daily close below $26,550. Bitcoin Price Remains In A Range
Bitcoin price started a fresh decline below the $27,000 level. BTC traded below the $26,800 support zone and trimmed most of its gains. However, the bulls were active near the $26,550 support.
Trending: Did Tucker Carlson Just Reveal Michelle Obama Is Really Big Mike?
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!