Bitcoin Price Gives Up Part Of Rally, Sellers Reappear Near Highs

Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support. Bitcoin failed to stay above $80,500 and extended losses. The price is trading below $81,000 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,200 and $80,800 levels. Bitcoin Price Dips Again Bitcoin price failed to stay above the $81,500 support zone. BTC started a downside correction below the $81,200 and $80,800 levels to enter a short-term bearish zone. There was a move below the 38.2% Fib retracement level of the upward move from the $74,940 swing...