šÆBitcoin Price Reaches Key Juncture, Is This Bears Trap or Fresh Declineš§
ā Bitcoin price started a downside correction below $28,000. BTC is now testing the $27,200 support and might start a fresh increase in the near term.
šBitcoin is moving lower below the $28,000 and $27,800 support levels.
šThe price is trading below $27,500 and the 100 hourly Simple moving average.
šThere is a short-term bearish trend line forming with resistance near $27,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
šThe pair could start another increase unless there is a move below the $26,650 support.
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