Bitcoin Price Touches Support Zone — Will Buyers Step In?

Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500 Bitcoin started a fresh decline below the $108,500 zone. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair (data feed from Kraken) source: https://www.newsbtc.com/analysis/btc/bitcoin-price-touches-support-106800/