Express

Bitcoin Drops Down To The Lower End Of Months-Long Trading Range

Emily Mason

Summary: Bitcoin has been locked in a short-term downtrend after facing resistance at $9,800, Bitpush data shows. At the time of writing Bitcoin is trading hands at $9,340. The current price is at the lower end of the currency's months-long trading range between $9,000 and $10,000. One popular trader noted in a tweet that BTC could ...

Bitcoin has been locked in a short-term downtrend after facing resistance at $9,800, Bitpush data shows. At the time of writing Bitcoin is trading hands at $9,340.

The current price is at the lower end of the currency's months-long trading range between $9,000 and $10,000. One popular trader noted in a tweet that BTC could be forming a pattern from just before its crash in March. If the pattern comes to fruition, traders could be in for significant downside.

However, even if the pattern is validated it is unlikely the losses will be as great as in March.

By Emily Mason

Last Update:

Tags: ,
Link: Bitcoin Drops Down To The Lower End Of Months-Long Trading Range   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 3 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 5 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 7 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 10 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 11 days ago

    • You need to login to comment.