Bitcoin Forms Series of 5 Worrying Signals Despite Reclamation of $10,700

Bitcoin underwent a strong drop last week on news of BitMEX getting charged by the U.S. CFTC. The cryptocurrency fell from its $10,900 highs to a local low around $10,400. This marked a drop of around 5%. Bitcoin has since recovered as legacy markets have moved higher, seemingly due to the potential for more stimulus and the safety of President Trump. BTC may unfortunately revert lower as the asset forms pivotal short-term bearish technical signals. […]
Bitcoinist.com

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Author: toutiao