Bitcoin Price Analysis: BTC Remains At Risk Below $32K. Bitcoin price is struggling below $32,000 against the US Dollar.
11 May 2022, 08:00
Bitcoin Price Analysis: BTC Remains At Risk Below $32K
Bitcoin price is struggling below $32,000 against the US Dollar. BTC might extend losses if it stays below the $32,000 and $34,000 resistance levels.
Bitcoin Price AnalysisBitcoin price failed to clear the $38,000 resistance zone. As a result, BTC started a fresh decline and traded below the key $35,000 support zone.
There was a clear move below the $34,000 level and the 55 simple moving average (4-hours). The price even traded below the $32,000 level. A low is formed near $29,735 and the price is now consolidating losses. There was a move above the $31,000 resistance zone.