Bitcoin Price Extends Decline Rapidly As Key Supports Paves Way

Bitcoin price started a fresh decline below the $74,000 zone. BTC is consolidating and might struggle to stay above the $72,000 support. Bitcoin failed to stay above $75,000 and extended losses. The price is trading below $74,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $73,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $74,000 and $75,000 levels. Bitcoin Price Extends Losses Bitcoin price failed to stay above the $75,500 support zone. BTC remained in a bearish zone and extended losses below the $75,000 level. There was a move below the $74,200 level. The price even dipped below $73,000. A low was formed at $72,470 and the price is now co...