Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Down to the Last Lines of Defense

Bitcoin just can’t seem to catch a break these days as it once again found itself nearing long-term support at $6,000. A break below this region could mean a prolonged decline for the cryptocurrency. The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, the drop is more likely to persist than to reverse. However, the gap…
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