TA: Bitcoin Price Makes U-Turn, Why BTC Could Tumble to $18K

TA: Bitcoin Price Makes U-Turn, Why BTC Could Tumble to $18K


Bitcoin started a fresh decline below the $20,000 support zone against the US Dollar. BTC traded below $19,000 and remains at a risk of a move to $18,000.

Bitcoin started a fresh decline and traded below the $19,500 support. The price is now trading below $19,200 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support at $19,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now at a risk of a move towards the $18,000 support zone in the near term. Bitcoin Price Starts Fresh Decline

Bitcoin price failed to surpass the $20,500 resistance level. BTC started a fresh decline and traded below the $20,000 and

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