Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K
© Reuters. Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K
For the past few days, the price of (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day.
The digital asset began to look bearish on multiple time frames and it seemed that a downward move was more likely than any other outcome. Once the 12 Exponential Moving Average (EMA) dropped below the 26-EMA on Sept. 16, aggressive intraday traders correctly predicted a double bottom bounce at $10,075.
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Source: investing.com
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