Bitcoin Price Recovery Faces Hurdle, Why 100 SMA Presents Resistance

in #hopdh • 3 years ago

Bitcoin price has gained bearish momentum below the $22,000 support zone. BTC declined below the $21,200 and $21,000 support levels before bulls appeared.

A low was formed near $20,797 and the price started a short-term upside correction. There was a minor upside move above the $21,000 level. Besides, there was a break above a major bearish trend line with resistance near $21,270 on the hourly chart of the BTC/USD pair.

#qakhls #bzkdh #ybdt
3 years ago in #hopdh by
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