Bitcoin Forecast: USD/CNH Decline May Fuel BTC/USD Bears After declining for months following its recent peak in June, Bitcoin bulls staged an abrupt rally in late October – thrusting the cryptocurrency back above its 200-day simple moving average. Since then, a death cross has formed and BTCUSD has been unable to continue higher. Seemingly trapped beneath the 38.2% Fibonacci level around $9545, BTC needs every bullish catalyst it can muster to stave off further declines. Unfortunately for Bitcoin bulls, recent US-China trade war developments could have undercut a tailwind the coin has historically benefited from. ... (full story)