Bitcoin price is holding the key $26,550 support zone. BTC could start a major decline if there is a close below $26,550 and $26,400.
Bitcoin started another decline and traded below the $26,850 level.
The price is trading below $27,000 and the 100 hourly Simple moving average.
There is a major bearish trend line forming with resistance near $27,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bearish momentum if there is a daily close below $26,550.
Bitcoin Price Remains In A Range
Bitcoin price started a fresh decline below the $27,000 level. BTC traded below the $26,800 support zone and trimmed most of its gains. However, the bulls were active near the $26,550 support.
A low is formed near $26,536 and the price is now consolidating losses. It is clearly showing bearish signs below $27,000 and the 100 hourly Simple moving average. There is also a major bearish trend line forming with resistance near $27,120 on the hourly chart of the BTC/USD pa
We współpracy z: https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-26550/
