Bitcoin Price Pulls Back: Will Bulls Conquer the Selling Pressure?
Bitcoin price started a downward correction from the $70,000 resistance. BTC is now correcting gains and could extend losses if it trades below $66,000.
Bitcoin struggled near $70,000 and began a downward correction.
The price is trading below $68,500 and the 100 hourly simple moving average. There was a break below a key uptrend line with support at $68,620 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend losses if it fails to hold above the $66,000 support zone.