14/03/2022
Bitcoin is trading in a bearish zone below $39,000 against the US Dollar. BTC could accelerate lower if it continues to struggle below $39,500.
Bitcoin is showing bearish signs below the $40,000 and $39,000 levels.
The price is trading below $39,500 and the 100 hourly simple moving average.
There is a crucial bearish trend line forming with resistance near $38,550 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might accelerate lower unless the bulls able to push the price above $39,550.