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Bitcoin Crash Gains Steam as H&S Forms
Bearish view Sell the BTC/USD pair and set a take-profit at 109,000. Add a stop-loss at 116,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 116,000. Add a stop-loss at 109,000. The BTC/USD pair remained under pressure this week, continuing a downtrend that started last week when it peaked at $117,995. Bitcoin dropped to $111,717, its lowest level since September 10. It remains 12% below the year-to-date high. Bitcoin price has retreated in the past few days as the recent momentum waned and exchange-traded fund outflows continued. Data shows that these ETFs had over $363 million in ... (full story)
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