TA: Bitcoin Recovery Halts, Technicals Suggest Fresh Decline To $36K
Bitcoin is struggling to recover above the $38,400 resistance zone against the US Dollar. BTC could resume decline if it stays below the $38,500 level. Bitcoin is currently facing resistance near the $38,400 and $38,500 levels. The price is trading below $38,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $38,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if there is no clear move above $38,500. Bitcoin Price Faces Hurdle Bitcoin price found support near the $36,350....
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