Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Cointelegraph

Published Sep 27, 2021 01:26PM ET

Updated Sep 27, 2021 03:00PM ET

Last week's drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff.

Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin's weekly charts concerning its 21-week exponential moving average (EMA).

BTC/USD daily price chart featuring its 21-week EMA. Source: Nunya Bizniz, TradingView.com
Bitcoin price weekly chart featuring 20-50-MA death cross. Source: TradingView.com

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