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BTC/USD: Bearish Flag Points to a Steeper Crash

From dailyforex.com

Bitcoin price remained in a tight range below the important support level at $70,000 as fear spread across the market. The BTC/USD pair was trading at 66,800, down sharply from the year-to-date high of 126,300. The BTC/USD pair remained on edge on Tuesday as investors predicted that the ongoing US-Iran war will continue for longer than expected now that the Houthis have joined the war and the US has sent thousands of troops to the region. As a result, there are signs that investors are highly fearful, with the Fear and Greed Index moving to the extreme fear zone of 9. The Crypto Fear and Greed Index has also dropped ... (full story)

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  • Category: Technical Analysis