CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, COINBASE News Bitcoin Adjusts Profits, Why 100 SMA Could Cause Bigger Drop Bitcoin price formed a new yearly high of around $ 20,000 before adjusting downward against the US dollar. Bitcoin price rallied above the $ 19,500 resistance. There was a sharp decline of more than 5% and the price fell below the $ 19,000 level. Bitcoin found support around the $ 18,100 level and the 100-hour simple moving average. A swing low was formed around $ 18,111 before price corrected higher. There was a recovery above $ 19,000, but the bears defended the $ 19,500 zone. The high is forming around $ 19,512 and the price is currently declining. It is trading below the 50% Fibonacci retracement level of the recent recovery from a swing low of $ 18,111 to a
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