Bitcoin price is correcting gains below the $121,200 zone. BTC is now consolidating and might aim for a move above the $120,500 resistance zone.
Bitcoin started a downside correction below the $121,200 zone. The price is trading above $118,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $118,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,250 resistance zone. Bitcoin Price Holds Key Support
Bitcoin price failed to extend gains above $122,250 and started a downside correction. BTC corrected gains and traded below the $121,200 support zone.
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There was a move below the $120,500 level. The price dipped below the
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