Bitcoin Crumbling! Keep Selling?

Bitcoin (BTC/USD) is crumbling to the downside, having broken the corrective channel. The 50,100 and 200 moving averages are well and truly in a bearish cross. We are looking for downside to continue into the 61.8% fibonacci extension at $21,400 a coin.

BTC/USD 1D Chart, 22 Feb 2022

What an absolute crash…

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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