Bitcoin Price Key Highlights
Bitcoin price recently broke below a short-term ascending trend line and is pulling up for a retest.
This broken support lines up with the 50% Fibonacci retracement level and could hold as resistance.
If so, bitcoin price could resume its slide to the longer-term ascending trend line around $5000.
Bitcoin price has bounced off a near-term area of interest but the broken short-term trend line is holding as a ceiling at the moment.

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