Breaking News: Bitcoin falling fast, loses $6,200

Yohay Elam FXStreet

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:

Bitcoin technical chart November 14 2018

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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