Breaking News: Bitcoin falling fast, loses $6,200
|Technical charts have pointed to that direction. However, other cryptocurrencies such as Ripple are holding remarkably well.
$6,150 is the next technical level to watch. Tomás Salles explained earlier:
Very close, at the $6,209 price level, the third support level brings strength to the price zone. Losing this last support level would bring the price directly to the $6,150 zone.
The 240-Minute MACD deepens its bearish profile. It loses inclination but maintains openness between lines. There is no sign of a possible bullish turn.
Prices of digital coins have experienced low volatility of late. However, such periods are often followed by higher volatility.
Here is the movement on the BTC/USD chart:
More:
- Bitcoin price analysis: Make or break- Binance CEO BTC bull run will happen “sooner or later”
- Top 3 Price Forecast - Bitcoin, Ethereum, Ripple: On the road to nowhere in the Crypto Market
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