TA: Bitcoin Rejected $10,800, And It’s Vulnerable to a Drop Below $10,500

Bitcoin price failed to clear the $10,800 resistance and started a fresh decline against the US Dollar. BTC could continue to move down below $10,500 as long as it is below the 100 hourly SMA. Bitcoin failed to hold gains and started a fresh decline from the $10,800 resistance level. The price broke the $10,650 support and settled below the 100 hourly simple moving average. This week’s important ascending channel was breached with support near $10,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…

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