TA: Bitcoin Prints Bearish Pattern, Why BTC Could Drop To $42K
Bitcoin extended decline below the $45,000 support against the US Dollar. BTC remains at a risk of a move towards the $42,000 support zone. Bitcoin gained bearish momentum after it broke the $45,000 support zone. The price is trading below $45,000 and the 100 hourly simple moving average. There are two bearish trend lines forming with resistance near $43,900 and $46,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline towards the $42,000 level in the near term. Bitcoin Price Dives Over 5% Bitcoin price started a major decline from the $47,000....
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