Bitcoin price declined heavily below the $11,800 and $11,500 support levels. The price traded as low as $11,101 and it is now well below the 55 SMA (H4). There is a key bearish trend line forming with resistance near $11,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair remains...The post Bitcoin Price Analysis: BTC Turns Red, Risk of More Downsides appeared first on Live Bitcoin News.