On Friday, the price of Bitcoin experienced a drop, which saw the price fall from $71,310 to $65,370. The price is retracing at the moment, and there are possibilities that it could still move downward. At this point, it could be that BTC’s price is losing steam and headed for a downward shift.
At the time of writing, the price of BTC was up by 0.9%, trading around $67,734 below the 4-hour 100-day moving average in the last 24 hours. However, in the daily timeframe, the price is still trading above the 100-day moving average.
Bitcoin On The 4-hour Chart
Looking at the 4-hour timeframe chart, Bitcoin is already trading below the 100-day moving average and trying to break below the trend line. The price could start a new trend downward if it manages to break below the trend line.
Also, with the help of the MACD indicator, the MACD histogram is trending below the MACD zero line. Both the MACD line and the signal line are trying to cross below the MACD zero line. This forma
We współpracy z: https://bitcoinist.com/bitcoin-price-suffers-sharp-decline/
