Bitcoin price failed once again to clear the $48,500 resistance zone against the US Dollar. BTC is declining and it could even decline below the $46,200 support zone.
- Bitcoin started a fresh decline after it failed to surpass the $48,500 resistance zone.
- The price is still trading below $47,500 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $48,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could…
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