Bitcoin Uptrend in Jeopardy as Two Extremely Bearish Fractals Flash

Bitcoin prices fell to a near five-day low amidst rising cash demand. The cryptocurrency’s latest plunge has breathed life into two extremely bearish fractals. Both indicators see the price crashing inside the $5,300-5,700 area. Bitcoin’s price fell nearly 0.38 percent on Wednesday as investors continued to hunt for cash to cover losses in traditional assets primarily driven by a colossal crash in the US oil markets. The bitcoin-to-dollar exchange rate slipped to a new intraday […]
Bitcoinist.com

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Author: toutiao