Lately, bitcoin has enjoyed a sustained move up over the last week. Half an hour ego,however Bitcoin has decreased unexpectedly from $10,825 to $10,295 in just 16 minutes.
I have provided you with the BTCUSD graph taken from Binance.com.
As you see below, this sharp fall occurred at 20:31 today and lasted at 20:47. Bitcoin is now trading at $10,405
As Bitcoin has experienced this massive drop, major technical indicators on a 4-hour chart produced a sell signal.
As you see above, MACD, RSI, and Stochastics has turned down and are producing a sell signal.
Thanks for reading. I hope you’ve found it helpful.
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