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Thu, Nov 19, 2020 2:58 AM by CoinGape

Bitcoin on the verge of a 7% downswing before resuming the uptrend to $20,000

Bitcoin slides beneath $18,000 after rejection at $18,500, hunting a formidable support. BTC/USD is supported immensely from the on-chain perspective, but technical analysis highlights the 50 SMA as the initial key anchor. Bitcoin has retreated considerably from the recently traded new yearly high of $18,502. Buyers had hoped to establish support above $18,000 but were The post Bitcoin on the verge of a 7% downswing before resuming the uptrend to $20,000 appeared first on Coingape.

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