Bitcoin Might Collapse to $4,000, Technical Analyst Says
Cryptovest
Published Aug 10, 2018 04:45AM ET
Updated Aug 10, 2018 06:00AM ET
Bitcoin Might Collapse to $4,000, Technical Analyst Says
The cryptocurrency market cap recently touched its lowest level year-to-date (YTD), and some technical analysts are predicting even worse days ahead. The crash was triggered by Bitcoin (BTC), which began sliding after news the US Securities and Exchange Commission (SEC) would delay its decision on an ETF product, but the worst performers turned out to be the top altcoins, some of which have hit their lowest level for the year. The sentiment is bearish as BTC’s price fell below its 50-day moving average indicator. According to technical analysts, this might signal a further dip, with one This article appeared first on Cryptovest
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