Bitcoin extended its decline below the $25,000 support against the US Dollar. BTC is down 20% and approaching the key $20,000 support zone.
Bitcoin extended its decline below the $23,500 and $22,500 support levels. The price is now trading below the $25,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $22,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the key $20,000 support zone to avoid more downsides. Bitcoin Price Nosedives
Bitcoin price failed to start a recovery wave and extended decline below the $25,000 support zone. The bears gained strength for a move below the $23,500 support zone.
The price declined over