Bitcoin (BTC) Price Watch: Sellers Picking Up Steam!

Bitcoin Price Key HighlightsBitcoin price has formed lower highs and lower lows to trade inside a descending channel on its 1-hour chart.
Price is testing support and a bounce could take it back up to the resistance or the Fibonacci retracement levels.
Technical indicators are suggesting that the downtrend is likely to resume.Bitcoin price could be due for a pullback on its downtrend as it bounces off the bottom of its descending channel.
Technical Indicators Signals
The 100 SMA is below the lon