Bitcoin price declined heavily after it failed to break the $4,200 resistance against the US Dollar. The price moved below the $4,000 support and settled below the 55 simple moving average (4-hours). There is a short-term contracting triangle formed with resistance at $3,840 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase)....The post Bitcoin Price Analysis: BTC At Potentially Significant Turning Point appeared first on Live Bitcoin News.
