Lens1000
VIP Contributor
Not a good thread title. BTC will always fall.
Bitcoin price failed again to clear the $35,000 resistance against the US Dollar. BTC started a fresh decline below $34,000 and it remains at a risk of more downsides.
Bitcoin started a fresh decline after it failed to settle above the $35,000 resistance zone.
The price is now trading below the $33,500 support and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct higher, but the bulls are likely to face resistance near $34,000.
Bitcoin Price Breaks Key Support
Bitcoin gained pace after it broke the $34,000 resistance zone. BTC even spiked above the $35,000 resistance, but there was no upside continuation.
The price formed a high near $35,000 and it started a fresh decline. There was a break below the $34,000 support level. Besides, there was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair.
The pair is now trading below the $33,500 support and the 100 hourly simple moving average. A low is formed near $33,134 and the price is now consolidating losses.
Do you think the price will slump further?
Bitcoin started a fresh decline after it failed to settle above the $35,000 resistance zone.
The price is now trading below the $33,500 support and the 100 hourly simple moving average.
There was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct higher, but the bulls are likely to face resistance near $34,000.
Bitcoin Price Breaks Key Support
Bitcoin gained pace after it broke the $34,000 resistance zone. BTC even spiked above the $35,000 resistance, but there was no upside continuation.
The price formed a high near $35,000 and it started a fresh decline. There was a break below the $34,000 support level. Besides, there was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair.
The pair is now trading below the $33,500 support and the 100 hourly simple moving average. A low is formed near $33,134 and the price is now consolidating losses.
Do you think the price will slump further?