14-11-2022 15:59 via newsbtc.com

Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K

Bitcoin price failed to clear $18,000 and started a fresh decline. BTC is showing bearish signs and it might soon decline towards the $15,000 level.Bitcoin started a fresh decline from the $18,000 and $18,150 resistance levels.
The price is trading below $18,000 and the 100 hourly simple moving average.
There is a key bearish trend line forming with resistance near $16,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could resume its decline below the $15,500 support
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