Will Bitcoin Price Dip Further?
Bitcoin is extending its decline below the $45,500 and $45,000 support levels. The BTC/USD pair price is now trading below $44,800 and merely above the 100 hourly simple moving average. There is a key bearish trend forming with resistance near $45,800 on the 4-hourly chart today.
if Bitcoin fails to stay still above 100 hourly MA, it might dip further and the bear would dominate the market in the near future.
Major support level: $42,000
Major resistance level: $47,400
if Bitcoin fails to stay still above 100 hourly MA, it might dip further and the bear would dominate the market in the near future.
Major support level: $42,000
Major resistance level: $47,400
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