TA: Bitcoin Consolidates Below $45K: What Could Trigger Another Decline
Bitcoin extended decline below the $44,000 level against the US Dollar. BTC remains at a risk of more downsides unless there is a break above $45,000. Bitcoin started a major decline below the key $45,500 support zone. The price is trading below $44,000 and the 100 hourly simple moving average. There is a key bearish continuation pattern forming with resistance near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might face resistance if there is a move above the $44,000 level. Bitcoin Price Remains At Risk Bitcoin price started a major decline below the....
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Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline if it fails to clear the $46,000 resistance zone. Bitcoin Price Consolidates Bitcoin price failed to....
Bitcoin is struggling to recover above the $48,000 resistance against the US Dollar. BTC could decline heavily if there is a clear break below $46,000. Bitcoin started a consolidation phase below the $48,500 and $48,000 resistance levels. The price is trading below $48,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $47,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a larger decline unless it surges above the $48,000 barrier. Bitcoin Price Remains At Risk Bitcoin price....