Bitcoin price is still facing a major hurdle near $31,000. BTC could correct lower below $29,800 if it stays below $31,000 for a long time. Bitcoin is still consolidating below the $31,000 resistance zone. The price is trading below $30,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance near $30,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower toward the $29,550 support or even $29,000. Bitcoin Price Stuck In A Range Bitcoin price remained in a major range below the $31,000 resistance zone.
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Author: coinmaker