Bitcoin Update (Continuous)
Bitcoin price started a fresh decline from the $16,800 zone. There was a break below a key bullish trend line with support near $16,420 on the hourly chart
The first major resistance is near the $16,800 zone. A successful move above the $16,800 resistance might start a real recovery wave.
The next major resistance is near $17,000, above which the price could gain pace for a move towards the $17,500 zone.
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