TA: Bitcoin Price Recovers But Here’s What Could Trigger Another Decline
Bitcoin is attempting a recovery wave above $21,500 against the US Dollar. BTC must clear the $22,650 resistance zone to move into a positive zone. Bitcoin is slowly moving higher above the $21,400 and $21,500 levels. The price is now trading above the $21,400 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $22,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover higher, but the bears might remain active near the $22,650 zone. Bitcoin Price Attempts Recovery Bitcoin price seems to be....
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