Bitcoin’s recovery hits a massive barrier at the 100 SMA and the descending channel’s middle boundary. BTC/USD likely to embrace consolidation based on on-chain metrics. Bitcoin has struggled to recover from the mid-week retracement that saw it refresh lower levels under $18,000. Support established at the 200 Simple Moving Average on the 4-hour chart saved The post Bitcoin downward pressure unstoppable, losses to $18,000 eyed ahead of upswing to $20,000 appeared first on Coingape.