Bitcoin Resumes Decline, What Could Trigger More Downsides
Bitcoin price failed to stay above $60,000 and started a fresh decline against the US Dollar. BTC could extend losses below $55,000 in the near term. Bitcoin started a fresh decline from the $61,000 resistance zone. The price is now trading below $58,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below $55,500 and $55,000 in the near term. Bitcoin Price Gains Bearish Momentum Bitcoin price attempted a recovery wave above the $60,000....
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