Bitcoin (BTC) Plunges Under $8,000 Again
© Reuters. Bitcoin (BTC) Plunges Under $8,000 Again
(BTC) started sinking under $8,000 again on Monday, after a relatively weak weekend. BTC slid to $7,962.57, on slightly higher volumes above $13 million. The past weekend failed to follow the pattern of price boosts due to low volumes, and BTC starts to look more bearish.
BTC now sees renewed predictions of sliding to new lows. The BTC market has been generally bullish in 2019, with downward swings that turned more confusing. Now, BTC is headed for bearish territory after a moving averages cross.
https://twitter.com/Crypto_Jeremiah/status/1180886691130806273
Another sign of weakening activity and enthusiasm is the lowered number of on-chain transactions. Activity droppe, from above 800,000 transactions per 24 hours, to about 690,000 transactions. Usually, heightened on-chain transactions and big “whale” movements precede upward run…
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Source: investing.com
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