Bitcoin Price Consolidates Losses and At Risk of Fresh Decline To $25K
Bitcoin price is consolidating losses below the $26,500 level. BTC is showing bearish signs and remains at risk of a fresh decline toward $25,000.
Bitcoin is struggling to recover above the $26,600
resistance zone.
The price is trading below $26,500 and the 100 hourly Simple moving average.
There is a short-term bullish trend line forming with support near $26,050 on the hourly chart of the
BTC/USD pair (data feed from Kraken).
The pair could continue to move down and trade below the $26,000 support.
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