TA: Bitcoin Price Keeps Struggling, What Could Trigger Another Downtrend

NewsBtc

03 Oct 2022

TA: Bitcoin Price Keeps Struggling, What Could Trigger Another Downtrend

Bitcoin price is struggling to climb above the $20,000 resistance against the US Dollar. BTC could decline heavily if there is a close below the $18,500 support. Bitcoin remained in a range and stayed above the $19,000 support zone. The price is trading below $19,400 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $19,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if there is a clear move below the $18,500 support. Bitcoin Price Stuck In a Range Bitcoin price attempted a....

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