Bitcoin (BTC) price has come to a halt under the $36,000 level, with the lull giving way for the bears to exit their cave.
Bitcoin price consolidation within an ascending trendline likely to exhaust soon with $34,000 in the cards for the people’s crypto. Ethereum price could lose the support offered by the lower boundary of the supply zone at $1,861 amid waning momentum. Ripple price on a recovery rally and could break past $0.69 depending on how the bulls play their hand.
The Awesome Oscillator histogram is also moving toward the midlines with a sustained series of red bars as seller count continues to increase. Also, the Moving Average Convergence Divergence indicator has also crossed below the yellow band, another sell signal that arises as longs close their positions. As such, Bitcoin price could soon break below the lower boundary of the ascending channel to potentially test the $34,000 level.
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