Bitcoin Price Eyes Fresh Increase
Bitcoin price tried to settle above the $26,500
resistance level. However, BTC failed to stay above $26,500 and started a fresh decline.
There was a move below the $26,250 pivot level.
".The price declined below the 50% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. It seems like the price is now stuck in a tiny range above the $25,900
support zone.
Bitcoin is now trading below $26,200 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair.
On the upside, immediate resistance is near the $26,100 level, the trend line, and the 100 hourly Simple moving average.#BTC #ETH #BNB #cryptocurrency #crypto2023