Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone.
Bitcoin started a fresh decline below the $87,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $89,350 zone. Bitcoin Price Consolidates Losses
Bitcoin price struggled to stay above the $89,000 and $88,500 levels. BTC started a fresh decline and traded below the $88,000 support.
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The price even spiked below the $86,500 support. However, the bulls were active near the
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