Bitcoin price failed to extend gains above the $44,300 resistance. BTC is now moving lower and might

Bitcoin price failed to extend gains above the $44,300 resistance. BTC is now moving lower and might find bids near the $42,400 support zone.

• Bitcoin started a downside correction from the $44,300 resistance zone.
• The price is trading below $43,500 and the 100 hourly Simple moving average.

There is a key declining channel forming with support near $42,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).Bitcoin price failed to extend gains above the $44,300 resistance. BTC is now moving lower and might find bids near the $42,400 support zone.

• Bitcoin started a downside correction from the $44,300 resistance zone.
• The price is trading below $43,500 and the 100 hourly Simple moving average.
• There is a key declining channel forming with support near $42,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).

Bitcoin price failed to extend gains above the $44,300 resistance. BTC