Bitcoin Price At Risk of Another Downside Thrust Before Higher
Bitcoin price is struggling to settle above the $68,000 resistance. BTC is now consolidating and might decline toward the $63,400 support zone.Bitcoin price is struggling to gain pace for more gains above the new all-time.
The price is trading above $65,000 and the 100 hourly Simple moving average.
There is a short-term bearish trend line forming with resistance near $67,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend losses and revisit the $63,400 supp
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