Bitcoin price is struggling to clear the $37,800 and $38,000 resistance levels against the US Dollar.
The price is now trading well below $36,000 and the 55 simple moving average (4-hours).
There is a major contracting triangle forming with support near $35,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The pair could decline sharply if it clears the $35,200 and $35,000 support levels.
Bitcoin price is slowly moving lower below $36,000 against the US Dollar. BTC could decline heavily if it settles below $35,000 and $34,500 in the near term.
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