Bitcoin Price Analysis: BTC Starts Fresh Decrease To $10K

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Bitcoin price topped near the $12,320 level and started a fresh decline against the US Dollar. The price traded below the key $11,500 and $11,000 support levels to move into a bearish zone. There was a break below a major bullish trend line with support near $11,750 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is currently trading below the $10,750 level and it could continue to slide in the near term. Bitcoin price is showing bearish signs below the $11,000 support against the US Dollar. BTC might continue to decline towards the $10,200 and $10,000 support levels. Bitcoin Price Analysis Earlier this month, bitcoin price extended gains above the $11,200 and $11,500 resistance levels against the US Dollar. There was a break above the $12,000 resistance and the 55 simple moving average (4-hours). Finally, the price tested the $12,321 level and started a…

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