TA: Bitcoin Turns Lower, Why BTC Could Extend Losses Below $42.5K
Bitcoin failed again to clear the $45,500 resistance zone against the US Dollar. BTC is declining and remains at a risk of more losses below $42,500. Bitcoin attempted another upside break above $45,500 but failed. The price is trading below $43,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $43,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline sharply if there is a clear move below the $42,500 support zone. Bitcoin Price Corrects Gains Bitcoin price attempted an upside break above....
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