Bitcoin is trending lower on its 1-hour time frame as it formed lower highs and lower lows to create a descending channel. The price just recently bounced off the resistance and is setting its sights on these downside targets. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least […]The post Bitcoin Price Analysis: BTC/USD Short-Term Trend Forming appeared first on BitcoinerX.
