Movers and Shakers -13/03/20
David Airben
Market
4 years ago
1 QCP
The majors look set to give up early gains as Bitcoin slides back to sub-$5,000 levels. A momentum sell-off would bring sub-$4,000 into play.
Bitcoin tumbled by 38.89% on Thursday. Following a 0.65% on Wednesday, Bitcoin ended the day at $4,873.1.
Bearish throughout the day, Bitcoin tumbled from an early morning intraday high $8,001.7 to a final hour intraday low and new swing lo $4,607.7.
The reversal saw Bitcoin slide through the day’s major support levels to visit sub-$5,000 for the 1st time since April of last year.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin sitting at $5,000 levels.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
Full Report: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-13-03-20-638446
Bitcoin tumbled by 38.89% on Thursday. Following a 0.65% on Wednesday, Bitcoin ended the day at $4,873.1.
Bearish throughout the day, Bitcoin tumbled from an early morning intraday high $8,001.7 to a final hour intraday low and new swing lo $4,607.7.
The reversal saw Bitcoin slide through the day’s major support levels to visit sub-$5,000 for the 1st time since April of last year.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin sitting at $5,000 levels.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
Full Report: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-13-03-20-638446
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