Bitcoin (BTC) remains in a two-month long downtrend, defined by a series of lower price highs. The cryptocurrency was down about 9% over the past week as upside momentum continued to slow. There is minor support around $40,000, which could stabilize the current pullback. However, upside appears limited around the $45,000 resistance level. This means buyers could quickly take profits if a price bounce occurs. The relative strength index (RSI) on the daily chart is the most oversold since Dec.11, albeit within a price downtrend. Over the long-term, BTC is vulnerable to further selling, especially if buyers fail to hold ... (full story)