TA: Bitcoin Struggles Below $46K, What Could Trigger Nasty Decline
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....
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