Bitcoin Bears Aim Big After Recent Breakdown Below $26,500

Bitcoin Bears Aim Big After Recent Breakdown Below $26,500

Bitcoin price is declining from the $27,500 resistance. BTC traded below $26,500 and now remains at risk of a drop toward the $25,500 support zone.

Bitcoin is moving lower from the $27,400 and $27,500 resistance levels. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but upsides might be limited above the $26,500 resistance. Bitcoin Price Extends Decline

Bitcoin price started another decline from the $27,500 resistance zone. BTC failed to stay in a positive zone above the $26,850 support zone and extended its decline.

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The bears were able to push

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