TA: Bitcoin Price Showing Early Signs of Fresh Downtrend, But $22.5K Is The Key
Bitcoin declined further below the $23,000 level against the US Dollar. BTC is moving lower and remains at a risk of more losses if it breaks the $22,000 support. Bitcoin extended losses and declined below the $23,200 support. The price is now trading below the $23,500 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $23,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $22,500 support in the near term. Bitcoin Price Gains Bearish Momentum Bitcoin....
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