TA: Bitcoin Price At Clear Risk of Sharp Drop, Indicators Turn Red
Bitcoin started a fresh decline from the $23,000 resistance against the US Dollar. BTC is declining and remains at a risk of a sharp decline below $21,800. Bitcoin started a downside correction and traded below the $22,200 level. The price is now trading below the $22,500 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $22,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might decline heavily if there is a clear move below the $21,450 level. Bitcoin Price Starts Fresh Decline Bitcoin price....
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