#MarketPullback Bitcoin price struggled near $107,000 and corrected gains. BTC is now approaching $100,000 and could find bids in the near term.

Bitcoin has started a bearish correction from the $107,000 zone.

The price is trading below $103,500 and the 100 hourly simple moving average.

There was a break below a connected ascending trend line with support at $104,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could start a fresh increase if it sustains above the $100,000 support zone. $BTC #USConsumerCofidence