Bitcoin refreshes lower price levels at $18,000 as declines loom towards $17,500. BTC/USD will invalidate the bearish outlook if the price closes the day above $18,000 and perhaps steps above the 100 SMA. Bitcoin was recently rejected at $19,500, forcing buyers to seek refuge at lower levels. The flagship cryptocurrency tried to hold above $19,000 The post Bloodbath in the cryptocurrency market as Bitcoin’s overhead pressure surges – downside eyes $17,500 appeared first on Coingape.