After a steady decline, bitcoin price found support near the $47,500 zone against the US Dollar. BTC formed a support base and it started a fresh increase above the $52,000 resistance zone. There was also a break above the $55,000 resistance level and the 55 simple moving average (4-hours). However, the price struggled near the $59,000 zone. A high was formed near $59,042 before the price started a fresh decline. There was a break below the $56,000 support zone and the 55 simple moving average (4-hours). There was also a break below a major rising channel with support near $55,800 on the 4-hours chart of the BTC/USD ... (full story)