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Bitcoin falls below a key level. The crypto may head toward $94,200 next
Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies. Bitcoin (BTCUSD) has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case. "We assume the corrective phase will keep hold of bitcoin for another few weeks," based on technical indicators, Stockton wrote. Bitcoin's ... (full story)
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