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Bitcoin Price Drops 5%—Is the Downtrend Back in Control?

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Bitcoin Price Drops 5%—Is the Downtrend Back in Control?

Bitcoin price corrected gains and traded below the 88,000supportzone.BTCisnowconsolidatingandmightstruggletoclearthe88,000 support zone. BTC is now consolidating and might struggle to clear the 88,500 zone. Bitcoin started a fresh decline from the 90,500zone.Thepriceistradingbelow90,500 zone. The price is trading below 88,000 and the 100 hourly Simple moving average. There is a bearish trend


Original Article: NewsBTC

This article was originally published on NewsBTC and has been curated for our readers.