Bitcoin Price Grinds Lower But The Key Breakdown Support Is Still Intact

[AJBot]

Bitcoin price slowly moved lower below $19,200 against the US Dollar. BTC is still trading above the main breakdown support near the $18,500 zone. Bitcoin is slowly moving lower and there was a spike below the $19,000 level. The price is trading below $19,200 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a clear move above $19,200 and then $19,500. Bitcoin Price Holds Support Bitcoin price started a slow decline ...

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