20-02-2024 03:52 via newsbtc.com

Bitcoin Price Consolidates Below Resistance, Are Dips Still Supported?

Bitcoin price is correcting gains from the $52,500 resistance. BTC must stay above the $50,500 support to remain in a bullish zone this month.Bitcoin price is struggling to clear the $52,800 resistance zone.
The price is trading below $52,200 and the 100 hourly Simple moving average.
There was a break below a key bullish trend line with support at $52,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase unless there is a clear move below the
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