Bitcoin Price Decline To Resume? These Could Be The Factors To Watch

Bitcoin Price Decline To Resume? These Could Be The Factors To Watch

Bitcoin price struggled to clear the $43,750 resistance. BTC is now declining and there could be more losses if there is a move below the $41,800 level.


  • Bitcoin price is slowly moving lower from the $43,750 resistance zone.

  • The price is trading below $42,800 and the 100 hourly Simple moving average.

  • There was a break below a connecting bullish trend line with support near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).

  • The pair could continue to decline if there is a close below the $41,800 level.

  • Bitcoin Price Starts Another Decline


    Bitcoin price attempted more gains above the $42,500 resistance zone. BTC cleared the $43,500 resistance zone, but the bears were active near the $43,800 zone.


    The bulls made more than two attempts to clear $43,800 but failed. A high was formed near $43,742 and the price started a fresh decline. There was a move below the $43,000 level. Besides, there was ..

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