Bitcoin price started a fresh decline below the $42,000 level against the US Dollar. The price is now trading below $42,500 and the 55 simple moving average (4 hours). There are two bearish trend lines forming with resistance near $40,950 and $41,650 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The The post Bitcoin Price Analysis: BTC Takes Hit, Can This Support Hold? appeared first on Live Bitcoin News .
