Bitcoin price failed to continue higher above $94,000. BTC is now gaining bearish pace and might decline further below $89,500.
Bitcoin started a downside correction from the $94,500 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $91,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $89,500 zone. Bitcoin Price Dips Again
Bitcoin price failed to gain strength for a move above the $94,000 and $94,500 levels. BTC started a downside correction and traded below the $92,000 support.
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There was a clear move below the 50% Fib retracement level of
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