Bitcoin price started a major decline from well above the $52,000 zone. BTC broke the $48,000 and $45,000 support levels to enter a bearish zone. The price even spiked below $43,000 and traded as low as $42,830. Recently, the price started a fresh increase above the $45,000 resistance level. It cleared the 23.6% Fib retracement level of the main decline from the $52,944 swing high to $42,830 low.There was also a break above a major declining channel with resistance near $46,550 on the 4-hours chart of the BTC/USD pair. The pair is now trading above $47,000 and the 55 simple moving average (4-hours). On the upside, an ... (full story)