Bitcoin drops to $79K: Three reasons to brace for a BTC price crash

From fxstreet.com

Bitcoin wipes all gains since November 10, dropping to a low of $78,372 on Monday. The top three market movers for BTC are macroeconomic developments, Donald Trump’s announcements on tariffs and the United States (US) equities performance and declining demand among institutional investors. Bitcoin slipped under key support at the 200-day Exponential Moving Average (EMA) at $85,722. Two key momentum indicators, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), signal a further decline in Bitcoin price is likely. RSI is sloping downwards on the daily price chart and MACD flashes red ... (full story)