31-10-2022 05:07 via newsbtc.com

Bitcoin Price Lacking Momentum Above $21k, BTC Holders Are Safe: Here’s Why

Bitcoin price started a downside correction from $21,000 against the US Dollar. BTC could start a fresh increase if it remains stable above the $20,000 support.Bitcoin is slowly moving lower from the $21,000 resistance zone.
The price is trading below $20,500 and the 100 hourly simple moving average.
There is a key declining channel forming with resistance near $20,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another upward move if it stays above the
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