After a sideways market all through June, Bitcoin is not doing too hot this month. The past 48 hours have been brutal for the cryptocurrency as it dropped over 10% dipping below the $10,000 level. Why is the price falling? Will we see recovery anytime soon? Let’s dive deeper and take a look… Why is Bitcoin’s price falling? As Coindesk reports, a key indicator for Bitcoin has turned bearish. Specifically, the MACD indicator turned bearish first time since December. If you trade based on technical indicators, then these are pretty bad news. The sideways market last month may have contributed
The post Bitcoin Price Down Over 10%, Sinking farther away from $10,000 appeared first on The Merkle Hash.
Powered by WPeMatico
