Bitcoin accelerates lower after rejection by 55 H EMA, on track to 30635 support

<p>Bitcoin&#8217;s decline from 37936 continues and accelerates lower today. The rejections by both 4 hour 55 EMA and 55 H EMA affirm near term bearishness. We&#8217;re holding on to the view that corrective pattern from 41964 is still extending, with fall from 40000 as the third leg. Deeper decline remains expected as long as 35669 [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/354842-bitcoin-accelerates-lower-after-rejection-by-55-h-ema-on-track-to-30635-support/">Bitcoin accelerates lower after rejection by 55 H EMA, on track to 30635 support</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>