Bitcoin Price Analysis (BTC/USD) On an hourly chart, the price of BTC/USD pair has succumbed an intense bearish pressure. Having begun the session yesterday trading at $12197.51 that was followed by a false breakout that rolled the price down to currently changing hands at $11624.60. The downward move was seen sharply during the U.S. trading session that dipped the price down by 4.7% over the last 24hrs. The downtrend was pushed by the 21 day MA that is above the 7 day MA. The RSI indicator also seemed to have reflected the bear market since it moved sharply from the
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