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Bitcoin price analysis: BTC/USD extends the decline, $9000 within reach

Bitcoin price analysis: BTC/USD extends the decline, $9,000 within reach

Bitcoin resumed the decline amid the downside correction on the market. The critical support zone is created by SMA200 daily. Bitcoin retreated from Tuesday’s high of $9,512 to trade at $9,170 by press time. BTC/USD has lost 2% both on a day-to-day basis and since the beginning of the day moving within the short-term bearish trend amid expanding volatility.