Bitcoin price started a major decline from well above the $47,000 zone. BTC broke the $45,000 and $44,000 support levels to enter a bearish zone. The price even spiked below $40,000 and settled below the 55 simple moving average (4-hours). It traded as low as $39,600 and recently started an upside correction. There was a break above the $40,000 and $40,500 levels.The price climbed above the 23.6% Fib retracement level of the recent decline from the $48,825 swing high to $39,600 low. On the upside, an initial resistance is near the $42,500 level. The first major resistance is near the $43,000 level. There is also a ... (full story)