TA: Bitcoin Price Signals Bearish Reaction, Why BTC Could Revisit $22K
Bitcoin is showing a few bearish signs below the $24,000 resistance zone against the US Dollar. BTC is declining and might test the $22,000 support zone.Bitcoin is slowly moving lower below the $24,000 pivot level.
The price is now trading below the $23,500 level and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $23,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down towards the $22,000 s
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