Bitcoin Price Sinks Deeper, Is a Larger Breakdown Now Unfolding?
Bitcoin price started a sharp decline from well above $72,000. BTC is now consolidating and might extend losses unless there is a close above $70,000. Bitcoin started a sharp decline below $71,200 and $70,500. The price is trading below $70,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to decline if it stays below the $69,200 and $70,000 levels. Bitcoin Price Dips Further Bitcoin price started a sharp decline from well above $72,000. BTC....
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