BTC was previously treading higher inside a wedge pattern but has broke lower that sellers are aggressive. The 100 SMA crossed the long term average. Price has dropped by around $300 so far and may still continue. Global X change.
Global exchange. From the above chart, bitcoin price is back in a bearish zone below $3800 and $3750.if sellers are in the action, there could be a downside break below $3550 and $3540 support levels. On the other hand, a correction near $3700 may be found. Global xchange.
Globalxchange. MACD for the pair is in the bearish zone and RSI is well below the 40 level
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