Bitcoin price is struggling to recover above $26,200. BTC is again moving lower and there could be a sharp decline below $25,500 in the near term.
Bitcoin failed to recover above the $26,200 and $26,500 levels.
The price is trading below $26,000 and the 100 hourly Simple moving average.
There is a major bearish trend line forming with resistance near $25,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate lower below the $25,500 and $25,400 levels in the near term.
Bitcoin Price Resumes Slide
Bitcoin price attempted a recovery wave from the $25,350 zone. However, BTC struggled to recover above the $26,200 pivot level and remained in a bearish zone.
The price is again moving lower and trading below the $26,000 level. There are a lot of bearish signs emerging below $26,000 and the 100 hourly Simple moving average. Besides, there is a major bearish trend line forming with resistance near $25,650 on the hourly chart of the BTC/USD pair.
Immediate
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-downside-thrust-25000/
