Bitcoin price started a downside correction from the $17,000 resistance. BTC found support near $16,750 and might soon attempt an upside break above $17,000.
Bitcoin Price Remains Supported
Bitcoin price attempted a decent upward move above the $16,800 resistance level. BTC even spiked towards the $17,000 resistance zone, but there was no clear upside break.
A high was formed near $16,987 and the price started a downside correction. There was a move below the $16,800 support zone. The price declined below the 50% Fib retracement level of the upward move from the $16,615 swing low to $16,987 ..
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