TA: Bitcoin Sets New Monthly Low, What Could Trigger A Comeback
Bitcoin price extended its decline below the $40,000 level against the US Dollar. BTC is now recovering and it could climb higher if it clears the $42,500 resistance. Bitcoin settled below the $44,000 and $43,000 support levels. The price is still trading below $43,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if it settles above $42,500 and $43,000. Bitcoin Price Attempts Fresh Recovery Bitcoin price failed to....
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