Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Bearish Breakdown and Pullback

Bitcoin suffered another wave of selling pressure and found itself tumbling below near-term support around $6,100. Price hit a low of $5,860 near the longer-term floor and might be due for a bounce from here. However, bearish pressure could be waiting to return around the Fibonacci retracement levels, especially the 38.2% and 50% Fibs that line up with the former support. The 100 SMA dynamic…
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