Bitcoin (BTC) Price Approaching Key Support, Bears Back In Action

Bitcoin (BTC) Price Approaching Key Support, Bears Back In Action | NewsBTC

Bitcoin price is declining after it failed to climb above the key $8,300 resistance against the US Dollar. The price is under pressure and it is now trading below the $8,000 support area. There was a break below a connecting bullish trend line with support near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken).