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BTC At Risk of Extended Downside Correction
Bitcoin price started a downside correction from the $44,400 zone against the US Dollar. The price is now trading below $43,200 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $43,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $40,500 support zone. Bitcoin price is correcting lower below $43,200 against the US Dollar. BTC might eye another increase if the bulls remain active above the $40,500 zone. Bitcoin Price Analysis Bitcoin price extended its increase above the $42,000 ... (full story)