Bitcoin Dips Bulls Plan Next Move

Bitcoin Experiences Short-Term Price Correction

• Bitcoin price corrected from a high of $95,348 to below $94,000.
• The price is trading below the 100 hourly Simple Moving Average.
• A bearish trend line shows resistance at $94,000 on the BTC/USD hourly chart.
• Immediate support levels are at $92,800 and $92,000.
• Key resistance levels are at $94,000 and $94,150.

Bitcoin’s price experienced a correction from a recent high of $95,348 and is now consolidating below the key resistance level of $94,000. Immediate support is found near the $92,800 mark.