Bitcoin dropped to four-day lows below $9,200 on Monday and now looks set to explore levels below the $9,000 mark, the technical charts indicate.
Yesterday's downwards move meant the cryptocurrency closed below the 10-day moving average (MA) - signaling short-term bullish invalidation - having failed to beat the key inverse head-and-shoulders neckline resistance over the weekend.
As of writing, BTC is trading at $9,357 on Bitfinex - largely unchanged on the day, but down 6.3 percent from the recent high of $9,990. Worryingly for the bulls, the price chart analysis indicates the losses could be extended further over the next 24 hours.
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello, very interesting article! I subscribed to you! If you want to be vkurse all the upcoming Airdrops and Bounty campaigns subscribe to me @coinlocket I promise many interesting ICO projects
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @aaronnn47! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of comments received
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit