Bitcoin (BTC) Price Facing Uphill Task: Another Dip Before Higher?

Bitcoin price declined recently and tested the main element $7,500 support area contrary to the US Dollar. The purchase price rebounded and traded above the $7,780 and $7,850 resistance levels. Yesterday’s highlighted key declining channel is acting as a barrier near $7,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could drop…
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