Bitcoin Sell-Off Continues — Downside Momentum Builds Across Crypto Market

Bitcoin price is gaining bearish pace below $108,800. BTC could continue to move down if it stays below the $109,500 resistance. Bitcoin started a fresh decline below the $109,000 support. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $105,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $110,000 support level and started a fresh decline. BTC dipped below $109,000 and $108,800 to enter a bearish zone. The decline was such that the price traded below the 76. 4% Fib retracement level of the upward move from the $106,310 swing low to the $111,000 high. Besides, there is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. BTC tested the 1. 236 Fib extension level of the upward move from the $106,310 swing low to the $111,000 high. If the bulls attempt a recovery wave, the price could face resistance near the $108,200 level. The first key resistance is near the $108,800 level. The next resistance could be $109,500 and the trend line. A close above the $109,500 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance. Any more gains might send the price toward the $111,500 level. The next barrier for the bulls could be $112,000 and $112,500. More Losses In BTC? If Bitcoin fails to rise above the $108,800 resistance zone, it could continue to move down. Immediate support is near the $106,200 level. The first major support is near the $105,500 level. The next support is now near the $105,000 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now below the 50 level. Major Support Levels $106,200, followed by $105,500. Major Resistance Levels $108,800 and $109,500.

‘Unintimidated’ Jack Smith vows to present case against Trump: report

Former Department of Justice Special Counsel Jack Smith reportedly has told people close to him that he is not intimidated by the Trump DOJ’s reported investigation into his activities and is looking forward to presenting the public case he made against now-President Donald Trump.“Mr. Smith, the special counsel who twice indicted Mr. Trump, appears unintimidated by the president’s demand that Republican lawmakers investigate him and that the Justice Department put him in prison for as-yet unproved and unspecified crimes,” The New York Times reported on Monday. Smith, in an early October interview with fellow former federal prosecutor Andrew Weissmann, said: “The idea that politics played a role in who worked on that case, or who got chosen, is ludicrous.”“Smith also said that he had ‘tons of evidence’ that Mr. Trump had willingly retained the classified documents at his residence in Mar-a-Lago and tried ‘to obstruct the investigation.’”According to those in his “orbit,” Smith is looking forward to presenting the evidence against Trump from the two cases that were scuttled by the U. S. Supreme Court’s immunity ruling and that of a highly controversial federal judge’s decision“Mr. Smith, who spent more than two years aggressively collecting evidence to prove Mr. Trump mishandled classified documents and tried to overturn the results of the 2020 election, appears eager to publicly challenge a foundational pillar of MAGA canon: that the president was a sinned-upon innocent who did nothing to deserve scrutiny, much less two prosecutions,” according to the Times, which notes that Smith now sits atop Trump’s “prosecutorial hit list,” along with former Biden Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco. Smith had been prosecuting Trump on two separate fronts. The so-called classified documents case and the 2020 election interference case. Last week, President Trump alleged on social media that “Documents show conclusively that Christopher Wray, Deranged Jack Smith, Merrick Garland, Lisa Monaco, and other crooked lowlifes from the failed Biden Administration, signed off on Operation Arctic Frost.”“They spied on Senators and Congressmen/women, and even taped their calls. They cheated and rigged the 2020 Presidential Election. These Radical Left Lunatics should be prosecuted for their illegal and highly unethical behavior!” Trump claimed. Also last week, Democrats on the Senate Judiciary Committee urged their Republican chairman, Chuck Grassley, to call on Smith to testify publicly.

Urgent call for a week of coordinated protests to stop U.S. war against Venezuela, Nov. 15-23

org This call to action is posted on the United National Antiwar Coalition web site. No War on Venezuela! No Troops on our Streets! Calling all anti-war, peace and justice, union and solidarity activists! An emergency network is calling for local actions, large and small, during the week of . Continue reading Urgent call for a week of coordinated protests to stop U. S. war against Venezuela, Nov. 15-23 at Workers. org.