TA: Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $24K

TA: Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $24K


Bitcoin is facing a key resistance near the $23,500 zone against the US Dollar. BTC must clear $23,500 to avoid a fresh bearish reaction in the near term.

Bitcoin is struggling to rise and trading below the $23,500 level. The price is now trading below the $23,200 level and the 100 hourly simple moving average. There is a key rising channel forming with support near $22,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,500 resistance to start a decent increase in the near term. Bitcoin Price Upsides Capped

Bitcoin price gained pace after it broke the $23,500 support zone. The price even traded below the $23,000 level to move into a short-term bearish

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