Bitcoin: Why BTC/USD Must Not Give Up $7,000 Crucial Support?



Bitcoin

  • Bitcoin struggles to defend bearish flag pattern support in a bid to avert dire losses heading to $6,000.
  • The RSI forms a higher low pattern; continued correction towards the oversold could ignite price movement to $7,500.

Bitcoin’s technical picture does not look good for the bulls. The bearish technical picture came into play following the failure to sustain gains after breaking the barrier at $7,900. The recovery from November…



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