In the past few days, bitcoin price remained in a bearish zone below the $9,500 level against the US Dollar. BTC broke the main $9,200 support zone to move into a bearish zone. The recent decline was such that the price even settled below the $9,000 level and the 55 simple moving average (4-hours). A new weekly low is formed near $8,639 and the price is currently consolidating losses. It is trading above the $8,800 short term resistance. Besides, there was a break above the 23.6% Fib retracement level of the recent decline from the $9,312 high to $8,639 low. On the upside, the price seems to be facing hurdles near ... (full story)