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BTC/USD: Bearish Flag Points to a Drop to $80,000
Bitcoin price made a strong bearish breakdown as the recent recovery faded ahead of key macro data and Bank of Japan interest rate decision. The BTC/USD pair dropped below the important support level at 85,000, reaching its lowest level since December 1. The BTC/USD pair resumed its downward trend, erasing some of the gains made earlier this month as investors waited for the upcoming US jobs and inflation data and the important Bank of Japan (BoJ) interest rate decision. It also dropped as investors embraced a risk-off sentiment in the market, with American stock indices like the Nasdaq 100 and S&P 500 indices ... (full story)
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