TA: Bitcoin Stuck in Range, Here's What Could Trigger More Losses
TA: Bitcoin Stuck in Range, Here’s What Could Trigger More Losses Reading Time: 2min read Bitcoin price is trading in a range below the $57,500 resistance against the US Dollar. BTC is likely to start a major decline if there is a clear break below the $53,500 support zone. Bitcoin is struggling to gain momentum above the $56,000 and $56,500 levels. The price is now trading well below $56,500 and the 100 hourly simple moving average. There is a new declining channel forming with resistance near $55,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct h...