<ul><li>Bitcoin price started a fresh decline and tested the $106,800 zone, now consolidating and might aim for a move above $108,500.</li><li>Bitcoin is currently trading below $108,000 and the 100 hourly Simple moving average.</li><li>A connecting bearish trend line is forming with resistance at $108,000 on the hourly chart of the BTC/USD pair.</li><li>The price could gain bullish momentum if it clears the $108,500 resistance; immediate support is near $107,200 followed by $106,800.</li></ul>

Bitcoin Price Touches Support Zone — Will Buyers Step In?

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