Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500
Bitcoin started a fresh decline below the $108,500 zone. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $108,500 resistance. Bitcoin Price Hits Support
Bitcoin price started a fresh decline and traded below the $108,500 support zone. BTC even traded below the $107,400 level and tested the next support at $106,800.
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A low was formed at $106,800 and the price is now
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