Categories: analysisBitcoin NewscryptoCrypto Analysis

Bitcoin Price Holds Support But Bears Are Still In Control

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Bitcoin price is holding the key $26,550 support zone. BTC could start a major decline if there is a close below $26,550 and $26,400. Bitcoin started another decline and traded below the $26,850 level. The price is trading below $27,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $27,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if there is a daily close below $26,550. Bitcoin Price Remains In A Range Bitcoin price started a fresh decline below the $27,000
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Author: coinmaker

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kryptonew

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kryptonew
3 years ago

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