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Bitcoin Holds $92K Support: Technical Indicators Point to Prolonged Consolidation
Bitcoin BTC/USD is still trading above the important $92,000 support level. In the last 24 hours, it has been quite stable, even though it dropped from $95,500 to $93,000 over the weekend. But underneath this quiet surface, derivative market indications and institutional flows show that the leading cryptocurrency may have to deal with more downward pressure before it finds a solid bottom. The weekend drop, which was caused by rising trade tensions between the US and the EU and dismal Chinese economic data, led to $233 million in Bitcoin liquidations. This was part of a larger $874 million wipeout across the crypto ... (full story)
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