
It began its descent, for it had the audacity to not clear the stately gate of $114,000. Trading below $113,000 and that confounded 100 hourly simple moving average, it moves in a manner typical of a mischievous child avoiding chores. There indeed forms a bearish trendline, like a skeptical brow, with resistance at $112,000 upon the hourly chart of the BTC/USD pair-a reminder supplied faithfully by Kraken’s watchful gaze. A downward journey might continue should it sink below the $110,200 zone, akin to a sinking vessel adrift on an indifferent ocean.