TA: Bitcoin Resumes Decline, Why BTC Could Dive To $45K
Bitcoin price failed to settle above $48,500 and corrected lower against the US Dollar. BTC is now facing many hurdles near $47,500 and $48,000. Bitcoin extended its decline and tested the $46,500 support zone. The price is now trading below $48,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $48,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $48,500 level and the 100 hourly SMA. Bitcoin Price Slides Again Bitcoin price made an attempt to surpass....
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