🚨 BTC Fails to Break Resistance — Is This the Start of a Bigger Drop?
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Bitcoin fell below $106,800 again. BTC consolidates and faces resistance at $106,200.
Bitcoin resumed its slide below $106,200.
The price is below $106,800 and the 100-hour SMA.
The hourly BTC/USD chart shows a short-term triangle with support near $104,200.
If it remains over $103,500, the pair may rise again.
Bitcoin Drops Again
After failing to break $108,800, bitcoin price fell again. BTC fell below $108,000 and $107,000.
A clear drop below $106,200 support. Last, the price tested $103,500. After a low of $103,400, the price is consolidating losses. The 23.6% Fib retracement level of the decline from the $108,924 swing high to the $103,400 low was slightly exceeded.
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