Bitcoin’s Breach Of $10,000 Triggers Sell Signal For Technicians

Bitcoin’s meteoric rise and subsequent plunge has crypto investors scrambling for ways to make sense of the market. Wall Street certainly has tools, but do they offer any meaningful insight for an asset like Bitcoin?

Yes, say technical analysts, the folks who study charts for clues on where a stock or currency will turn. And after Bitcoin’s 50 percent plunge in the past month took it through $10,000 Wednesday, they’re prepping for the worst as key resistance levels approach.


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