shutterstock 127419983 TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K

TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K

– Bitcoin recovered above the $30,000 level but struggled above $31,000.
– The price is now well above the $30,000 level and the 100 hourly simple moving average.
– There is a key bullish trend line forming with support near $30,400 on the hourly chart of the BTC/USD pair.
– The pair could start a fresh decline if it clears the $30,000 support zone.
– If bitcoin stays above the $30,000 support zone, it could start a fresh increase.

 

 

shutterstock 127419983 TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K
TA: Why Bitcoin Still At Risk of A Fresh Decline Below $29K 3

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