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Bitcoin (BTC)
Bitcoin declined after enjoying a bullish movement for a while
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[QUOTE="Lens1000, post: 128212, member: 37726"] Bitcoin price failed again to clear the $35,000 resistance against the US Dollar. BTC started a fresh decline below $34,000 and it remains at a risk of more downsides. Bitcoin started a fresh decline after it failed to settle above the $35,000 resistance zone. The price is now trading below the $33,500 support and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to face resistance near $34,000. Bitcoin Price Breaks Key Support Bitcoin gained pace after it broke the $34,000 resistance zone. BTC even spiked above the $35,000 resistance, but there was no upside continuation. The price formed a high near $35,000 and it started a fresh decline. There was a break below the $34,000 support level. Besides, there was a break below a major bullish trend line with support near $33,850 on the hourly chart of the BTC/USD pair. The pair is now trading below the $33,500 support and the 100 hourly simple moving average. A low is formed near $33,134 and the price is now consolidating losses. Do you think the price will slump further? [/QUOTE]
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Bitcoin declined after enjoying a bullish movement for a while
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