Bitcoin Price Stalls Below $110K — Another Rejection for Bulls

Bitcoin Price Stalls Below $110K — Another Rejection for Bulls


Bitcoin price started a fresh decline from the $110,000 zone. BTC is now declining and might trade below the $107,500 support zone.

Bitcoin started a fresh decline from the $110,000 zone. The price is trading below $108,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $108,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $106,500 zone. Bitcoin Price Dips Again

Bitcoin price started a fresh increase after it settled above the $108,500 resistance. BTC cleared many hurdles near $109,000 to start a decent increase but it failed to clear $110,000.

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