TA: Bitcoin Consolidates Below $48K: What Could Trigger A Sharp Decline

Bitcoin is struggling to recover above the $48,000 resistance against the US Dollar. BTC could decline heavily if there is a clear break below $46,000. Bitcoin started a consolidation phase below the $48,500 and $48,000 resistance levels. The price is trading below $48,000 and the 100 hourly simple moving average…