Bitcoin price failed once again to clear the $60,000 resistance zone against the US Dollar. BTC is showing a few bearish signs, but the $52,500 support holds the key. Bitcoin failed to gain pace above $59,500 and it even struggled to test $60,000. The price is now trading near the $55,500 support and the 100 simple moving average (H4). There was a break below a key contracting triangle with support near $58,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is recovering losses, but…
Bitcoin Fails Again, Here’s Why BTC Remains At Risk of More Losses
