Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term.


  • Bitcoin price is correcting gains and moving lower from the $73,000 zone.

  • The price is trading below $71,000 and the 100 hourly Simple moving average.

  • There was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could revisit the $67,000 support zone in the near term.

  • Bitcoin Price Corrects Lower


    Bitcoin price made another attempt to gain strength above the $72,500 level. However, there was no clear move above the $72,500 level and the price reacted to the downside.


    There was a drop below the $72,000 and $71,500 levels. Besides, there was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair. The ..

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