Bitcoin Price Dips Further, Setting Up a High-Stakes Support Moment

Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000. Bitcoin started a downside correction and traded below the $92,000 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,500 zone. Bitcoin Price Starts Downside Correction Bitcoin price failed to stay above $94,000 and started a downside correction . BTC dipped below $93,200 and $92,500 to enter a short-term bearish zone. The price even dipped below $92,000 and tested $90,650. A low was formed at $90,666 and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $93,771 swing high...

https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-further-90500/