Bitcoin has experienced yet another negative slump in price, with more than $18 billion wiped off the asset’s market cap since the dreaded death cross on the four-hour chart.
On Monday, Coin Rivet reported that the death cross was beckoning as price hovered within the $10,200 and $10,650 range.
Just hours later, the death cross – where the 50 EMA crosses the 200 EMA to the downside – came to fruition. Price proceeded to fall to test the $10,000 level of support before breaking it to the downside.
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network