11-17-2019, 03:30 PM
Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs
CONTRIBUTOR
Sebastian Sinclair CoinDesk
PUBLISHED
NOV 15, 2019 4:40PM EST
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CONTRIBUTOR
Sebastian Sinclair CoinDesk
PUBLISHED
NOV 15, 2019 4:40PM EST
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- Strong performances in traditional assets and a lack of new reasons to buy crypto is suppressing BTCâs price.
- A loss of the 50-day moving average exposes the $8,000 price level.
- The daily RSI shows that momentum slowing, which could hint at greater selling pressure in the short term