Bitcoin could be due to resume its slide as it hit resistance at the top of a short-term descending channel visible on the 1-hour time frame. Applying the Fib extension tool shows the next potential downside targets. The 38.2-50% levels are around the mid-channel area of interest at $6,500 while the 78.6% level is closer...The post Bitcoin Price Analysis: BTC/USD Are Bears Regaining Control? appeared first on Live Bitcoin News.
