Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

Bitcoin Price Key HighlightsBitcoin price has rallied in the past few hours but also hit resistance on its channel.
If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked.
Using the Fib extension tool shows the potential downside targets in the short-term.Bitcoin price might still resume its downtrend as the top of its descending channel is keeping gains in check.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to co