Bitcoin price analysis: BTC/USD recovery limited below $6,900, the path of least resistance is to the downside

Both the 100 SMA and the descending trendline are limiting gains at $6,800. BTC/USD to use the support at $6,700 in the short-term, but $6,600 will be instrumental in stopping further declines. The recent downward movements have culminated in Bitcoin price trading within a ranging channel. The Bulls lack a fresh catalyst to shake off […]

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