TA: Bitcoin Price Won’t Go Down Quietly: Key Supports To Watch

Bitcoin price is consolidating losses above the $19,200 support zone against the US Dollar. BTC could start a fresh increase if there is a clear move above $19,700.

• Bitcoin is facing barrier near the $19,550 and $19,600 resistance levels.
• The price is below above $20,100 and the 100 hourly simple moving average.
• There was a break above a key bearish trend line with resistance near $19,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if there is a clear move above the $19,700 resistance.

Bitcoin Price Holds Key Support

Bitcoin price started a fresh decline from well above the $20,2