Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K
Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $61,200 and $60,500 support levels in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to gain....
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Bitcoin is back below $60K, and could be in trouble for the first time since early last year. And while most agree the bull market isn’t over, the short term trend has now been taken over by bears according to one technical indicator. The tool itself measures the strength of both sides of the coin, […]
Bitcoin price is now trading at nearly $3,000 less than the high set earlier in the week, just shy of setting a new all-time record for the cryptocurrency. After a few strong attempts by bulls to get back above $17,000, bears might have flipped the zone into strong resistance, and are now making a stand […]