The recent bearish statement by the People’s Bank of China labeling all cryptocurrency related transactions as illegal followed by a decline in Bitcoin-Blockchain Miners’ revenue [BCHAIN/MIREV] suggests the recent slump in the Bitcoin BTC price. Earlier this month, the BTCUSDT crypto pair traded above the 200-period Moving Average on the H4 time frame as shown The post BTC Price Analysis: Bitcoin Bulls look to scale Into a Break of $43200 As Leverage Piles Up Again appeared first on Coingape.