Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone.
- Bitcoin remained in a bearish zone and traded below the $17,000 support.
- The price is trading below $17,000 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $16,920 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair is showing a few bearish signs below the $17,000 pivot…
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