BTCUSD is extending its losses and is currently trading not far above the 14-month low of 3490 hit on November 26. The price fell below the bearish cross between the 20- and 40-simple moving averages in the 4-hour chart. The stochastic oscillator is heading lower towards the oversold territory; however, the RSI indicator is turning slightly higher in the bearish zone. Should the pair stretch south, the multi-month low of 3490 could provide immediate support before the pair slips lower. A significant step lower could endorse the bearish sentiment, sending the price probably towards 2790, which was a strong barrier ... (full story)