Bloomberg Trend Indicator Suggests More Pain For Bitcoin

Over the past couple of days, Bitcoin has retreated by 12 percent from its 2019 high. Many industry observers have called for this correction following a parabolic surge since the beginning of April. Short-term technical indicators are starting to agree with them. Trend Indicator Flashes Red Over the past 24 hours, bitcoin price has retreated from major support at $8,000 and fallen to an intraday low of $7,450 according to Tradingview.com charts. During morning Asian … Continue reading Bloomberg Trend Indicator Suggests More Pain For Bitcoin