Bitcoin price failed to stay above $20,600 and extended losses. BTC must stay above $20,000 to avoid a major decline in the near term.
- Bitcoin started a downside correction and broke a major support at $20,600.
- The price is trading below $20,600 and the 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could revisit the main $20,000…
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