Bitcoin declined sharply after making a short Bull rally
On Monday bitcoin had another blow with a sharp drop of 1% in its price, just as Bitcoin expected to increase. After hitting a bullish close about a week on Sunday as the price gradually moved from $ 7875 to $ 8300.
The bitcoin price is struggling to surge above the moving average 20 weeks, with its fluctuating trend, a slight upward movement proves to be useless to pull it above the average level. At the moment, it was being backed by a 100-week moving average but is further predicted to show a freefall in the days to come.
Source: TheCoinRepublic
The bitcoin price is struggling to surge above the moving average 20 weeks, with its fluctuating trend, a slight upward movement proves to be useless to pull it above the average level. At the moment, it was being backed by a 100-week moving average but is further predicted to show a freefall in the days to come.
Source: TheCoinRepublic
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