Bitcoin Begins to Capitulate Lower After 5 Months of Indecision
Bitcoin has broken under the critical 17567 - 18892 support zone, a range that has held since the middle of June, opening the door to resuming the broader downtrend.
BTC/USD is also testing a break under the November 26th, 2020 low at 16200.
That has exposed the September 2020 low at 9813.
A push back above lows from June may shift the focus back to a neutral setting as the 200-day Simple Moving Average nears. The latter may reinstate the dominant downside focus.
BTCUSD
BTC/USD is also testing a break under the November 26th, 2020 low at 16200.
That has exposed the September 2020 low at 9813.
A push back above lows from June may shift the focus back to a neutral setting as the 200-day Simple Moving Average nears. The latter may reinstate the dominant downside focus.
BTCUSD