Bitcoin Drops Under $100K as Risk Appetite Fades in Crypto Markets — TradingView News
Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000.
- Bitcoin started a fresh decline below $102,000 and $100,000.
- The price is trading below $100,000 and the 100 hourly Simple moving average.
- There is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair might continue to move down if it settles below the $98,500 zone.
Bitcoin Price Dips Sharply
Bitcoin price failed to stay in a positive zone above the $103,500 pivot level. BTC bears remained active below $102,500 and pushed the price lower.
The bears gained strength and were able to push the price below the $100,000 handle. A low was formed at…
