Bitcoin Price Analysis

Bitcoin (BTC) Price Analysis: Bears Regain the Upper Hand

Bitcoin stayed safely inside its descending channel pattern on resurfacing risk-off flows and negative commentary. Price is starting to trade below the mid-channel area of interest and previous lows, aiming for the next Fibonacci extension levels. Price is currently hanging around the 50% extension level at $7,900 and might be due for a move to the 61.8% extension at $7,724. The 78.6% extension is…
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