Bitcoin Price Accumulation – Risk of Pullback Escalates Below $52K
Bitcoin price is struggling to rise above the $52,000 resistance. BTC is now at risk of a downside break below the $50,500 support zone.Bitcoin price is struggling to clear the $52,000 resistance zone.
The price is trading below $51,800 and the 100 hourly Simple moving average.
There is a bearish flag forming with support at $51,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a major pullback if there is a move below the $50,500 support.Bitcoin Price Str
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