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Bitcoin Price Dips Again: BTC Bears Tighten Grip

From newsbtc.com

Bitcoin price started a recovery wave above the $65,000 level. BTC climbed above the $65,500 and $66,200 levels. However, the bears were active near the $66,500 zone. A high was formed at $66,444 and the price started another decline. There was a move below the $65,500 and $65,400 support levels. The price dipped below the 50% Fib retracement level of the upward move from the $64,050 swing low to the $66,444 high. Besides, there was a break below a connecting bullish trend line with support at $65,250 on the hourly chart of the BTC/USD pair The price tested the $64,600 support zone and the 76.4% Fib retracement level ... (full story)

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  • Category: Technical Analysis