Looking at the hourly chart, the price moved below the 100 and 200 hour MAs yesterday and then corrected higher, reaching the 200 hour MA (green line on the chart above). Sellers leaned against the level and pushed lower. The 200 hour MA comes in at $102.670. Staying below it will keep the sellers in control technically at least in the short and medium term.
The next downside target comes in at $94306 and below that the 38.2% of the move up from the November low. That level comes in at $92,442.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about bitcoin moving down and away from 100k was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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