Bitcoin Price Takes Major Hit, Why The Bears Are Not Done Yet

[Google News Bot]

Bitcoin price declined over 10% and even spiked below $18,000. BTC remains at a risk of more losses, as the FTX faces more heat. Bitcoin started failed to recover ground and declined over 10%. The price is trading below $19,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $18,380 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards the $17,500 and $16,800 support levels. Bitcoin Price Nosedives Bitcoin price started a major decline after it settled below the $20,000 sup ...

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