Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels.
- Bitcoin started a fresh decline below the $16,000 and $15,800 levels.
- The price is trading below $16,400 and the 100 hourly simple moving average.
- There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair remains at a risk of more losses towards the $15,000 level or…
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