Bitcoin Price Analysis: BTC/USD Larger Bearish Retracement

Bitcoin made lower highs and lower lows to trend inside a descending channel on its 1-hour time frame and looks ready to test the resistance at $7,000. Technical indicators suggest that the downtrend could continue. The 100 SMA is below the 200 SMA to confirm that the path of least resistance is to the downside […]The post Bitcoin Price Analysis: BTC/USD Larger Bearish Retracement appeared first on BitcoinerX.