Bitcoin Price Watch: Weak Support Zone Just Close By

Bitcoin Price Key HighlightsBitcoin price continues to slide and is cruising inside a descending channel on the 1-hour chart.
Price is approaching the bottom of this channel but it might not be strong enough to keep losses at bay.
Oscillators are hinting at a bounce but moving averages suggest a break.Bitcoin price could be due for a test of the descending channel bottom, which might still give way if bears stay strong.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to