After a failure to break the $3,860 resistance, bitcoin price started a fresh decline against the US Dollar. BTC/USD broke down and traded below the $3,705, $3,660 and $3,520 support levels. The 2-hour chart indicates that the price declined heavily from the $3,908 swing high and declined below the key $3,620 support. It opened the doors for more losses and the price settled below the $3,400 level and the 100 simple moving average (2-hours). During the decline, the price broke a major declining channel with support at $3,560 on the same chart. Sellers pushed the price towards the $3,300 level and a new yearly low was ... (full story)