Bitcoin price is consolidating above the $42,250 support zone. BTC could start a decent increase if it clears the $43,000 and $43,400 resistance levels.
Bitcoin price failed again to clear the $43,400 resistance zone and corrected lower.
The price is trading below $43,000 and the 100 hourly Simple moving average.
There is a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to decline if there is a clear move below the $42,250 support.
Bitcoin Price Holds Support
Bitcoin price made another attempt to clear the $43,400 and $43,500 resistance levels. However, BTC struggled to extend its gains and recently started another decline below $43,000.
There was a move below the $42,800 support. A low is formed near $42,320 and the price is now consolidating losses. There is also a major rising channel forming with support at $42,400 on the hourly chart of the BTC/USD pair.
Bitcoin is now trading below $43,
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-aims-higher-45000/
