Bitcoin price topped near the $12,320 level and started a fresh decline against the US Dollar.
The price traded below the key $11,500 and $11,000 support levels to move into a bearish zone.
There was a break below a major bullish trend line with support near $11,750 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The pair is currently trading below the $10,750 level and it could continue to slide in the near term.

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Coinspeaker Plug Power (PLUG) Stock Rose on Friday while Market Was in Red, Could It Be the New Tesla?Plug Power Inc. (NASDAQ: PLUG) stock managed to grow on Friday while the whole market was actively losing its value. This has led many investors to consider Plug with its stock to be the new Tesla Inc. […]

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Bitcoin price is showing bearish signs below the $11,000 support against the US Dollar. BTC might continue to decline towards the $10,200 and $10,000 support levels.
Bitcoin Price Analysis
Earlier this month, bitcoin price extended gains above the $11,200 and $11,500 resistance levels against the US Dollar. There was a break above the $12,000 resistance and the 55 simple moving average (4-hours). Finally, the price tested the $12,321 level and started a major downside correction. There was a break below the $11,800 and $11,500 support levels. Moreover, the price settled below $11,500 and the 55 simple moving average (4-hours).
More importantly, there was a break below a major bullish trend line with support near $11,750 on the 4-hours chart of the BTC/USD pair. The pair is now trading below the $11,000 support plus the 50% Fib retracement level of the main major upward move from the $9,087 low to $12,321 high. An immediate support on the downside is near the $10,500 level.
The main support is near the $10,300 and $10,200 levels. It coincides with the 61.8% Fib retracement level of the main major upward move from the $9,087 low to $12,321 high. If there is a downside break below the $10,200 support area, the price could start a strong slide towards the last swing low at $9,087.
On the upside, an immediate resistance is near the $10,800 level. To start a fresh increase, the price has to surpass the $11,100 and $11,200 levels. Moreover, the 55 simple moving average (4-hours) is positioned along with a bearish trend line on the upside near $11,550, which is the next crucial hurdle.

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Looking at the chart, bitcoin price is clearly trading in a downtrend from the $12,321 swing high. If the $10,200 support fails to hold the current decline, there could be a bearish extension. Conversely, if the $10,200 support holds the decline, the price could start a decent recovery towards $11,000 or even $11,550.
Technical indicators
4 hour MACD – The MACD is currently gaining momentum in the bearish zone.
4 hour RSI (Relative Strength Index) – The RSI is currently declining and is in the oversold zone.
Key Support Levels – $10,500 and $10,200.
Key Resistance Levels – $10,800, $11,000 and $11,550.
The post Bitcoin Price Analysis: BTC Starts Fresh Decrease To $10K appeared first on Live Bitcoin News.

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The Boston Red Sox made a sizable splash before the Major League Baseball winter meetings, re-signing postseason hero Nathan Eovaldi to a four-year contract. The waters were much calmer once president of baseball operations Dave Dombrowski descended upon Las Vegas, though, as the biggest development from a Red Sox standpoint was the departure of reliever […]

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