Categories: analysisBitcoin NewscryptoCrypto Analysis

Bitcoin Price Turns Sell On Rallies As Bulls Struggle To Clear Hurdles

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Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. The price is trading below $28,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $28,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if stays below $28,000 and $28,200. Bitcoin Price Faces Rejection Bitcoin price started a recovery wave above the $27,800 level. BTC cleared the $28,000 resistance
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Author: coinmaker

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kryptonew

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kryptonew
3 years ago

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