Bitcoin (BTC) Price Correction Approaching Significant Support

Bitcoin price corrected lower recently and traded below $5,500 and $5,480 against the US Dollar. The price traded close to the $5,370 level and it is currently trading with a bearish bias. There is a key bullish trend line formed with support at $5,405 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses towards the $5,340 support before it could bounce back.

Bitcoin price started a major downside correction below $5,450 against the US Dollar. BTC...

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