Bitcoin price could be due for a drop as a double top can be seen on its 4-hour chart, it could fall by the same height as the formation, which spans $9,000 to $10,000.
Bitcoin (BTC)
$9,082.73 USD (-3.42%)
1.00000000 BTC (0.00%)
Market Cap
$154,616,902,268 USD
17,023,175 BTC
Volume (24h)
$7,732,420,000 USD
852,175 BTC
Circulating Supply
17,023,175 BTC
Max Supply
21,000,000 BTC
If the support zone between the 20-day EMA and $9,000 breaks, the BTC/USD pair can fall to the 50-day SMA at $8,500. Therefore, we suggest retaining the stops at $8,900.
Disclaimer:
THIS #ARTICLE IS NARRATED FROM DIFFERENT SOURCES and is not intended to provide, #investment #advice. Please conduct your own thorough research before #investing in any #cryptocurrency.
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