Bitcoin Price Consolidates After Testing $103,200 Zone
- Bitcoin price declined below the $106,500 support zone.
- BTC tested a low of $103,200 and is now consolidating above $105,000.
- The price is trading above the 100 hourly Simple Moving Average.
- A bearish trend line forms resistance at $105,550 on the BTC/USD hourly chart.
- Key resistance levels are identified at $106,000 and $106,800.
Bitcoin’s recent decline saw it test a low of $103,200 before consolidating above $105,000. The price faces key resistance at both the $106,000 and $106,800 levels for potential further gains.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-price-eyes-gains-107000/?rand=52377
