Technicals suggest a nascent bear market with price now below both the 200-day moving average and daily Cloud. Any price action below US$10,000 will likely be sold off heavily in the near-term. Bitcoin (BTC) is a decentralized digital currency that was released by Satoshi Nakamoto in 2009. The market cap currently stands at US$146.26 billion, with US$4 billion traded in the past 24 hours. The current spot price is down 58% from the all-time high established in December 2017. On-chain metrics have decreased over the past this week, with the amount of BTC moved on the blockchain and the velocity of money both down ... (full story)