Top cryptos lost 10% in the last 24 hours, even more during the weekend. This coincides with the stock market crash.
Current support/resistance: $6'400/$8'200
The Bitcoin price took a nosedive this Sunday, breaking the 200 days moving average. This happened in tandem with traditional stocks market, for which the S&P 500 lost more than 5% and Oil is down 30%. This shows that Bitcoin is still considered as a risky investment and is not yet the digital gold we hear about, especially when we know that Gold performed well this last day.
The MACD lines are diverging in the red and the RSI is getting closer to an oversold region. We can expect a continuation in the downtrend up to the next strong support.
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