Bitcoin price extended its increase above the $45,000 resistance level. BTC even broke the $47,000 resistance level to move further into a bullish zone. However, the price failed to surpass the $48,000 resistance. A high was formed near $48,115 before the price started a downside correction. There was a break below the $47,000 and $46,000 levels. There was also a break below a key bullish trend line with support near $45,600 on the 4-hours chart of the BTC/USD pair. The pair traded below the 23.6% % Fib retracement level of the upward move from the $37,334 swing low to $48,115 high. It is now trading below $46,000 ... (full story)