Bitcoin Price Consolidates Below Resistance and At Risk of Minor Pullback
Bitcoin price is facing resistance near the $21,500 zone. BTC could correct lower if there is a clear move below the $20,880 support zone.Bitcoin seems to be facing a strong resistance near the $21,450 and $21,500 levels.
The price is trading above $20,500 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $20,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a downside correction below the $20,880 and $20
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