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Bitcoin Drops 5% To Start The Week

From forbes.com

Bitcoin experienced a strong uptick over the weekend nearly topping $11,200 off the back of a strong week of fundamental developments for the world’s largest digital currency. However, at the time of writing, bitcoin is starting the week down approximately 5%. A sudden risk-off Monday has enveloped all markets resulting in a strong sell-off across all assets except the dollar index ($DXY). The dollar has continued to flirt with a near-term uptrend over the past month, but has been “drug down” repeatedly by Federal Reserve statements aimed at weakening it. Despite the increased bullish sentiment over the weekend, ... (full story)

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  • Category: Technical Analysis