Bitcoin price traded to a new monthly high at $21,469 before it started a downside correction. BTC could drop towards $20,600 before it starts a fresh increase.
- Bitcoin gained pace above the $21,000 resistance zone before it faced sellers.
- The price is trading above $20,500 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $21,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair…
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