Bitcoin continues to trend lower in a descending channel on its 1-hour chart as price bounces off support to the mid-channel area of interest. The price is currently testing the 50% Fib and might resume its slide from here. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least […]The post Bitcoin Price Analysis: BTC/USD Short-Term Channel Forming appeared first on BitcoinerX.
