Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Shahinaz on December 18, 2019, 03:18:46 PM
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Bitcoin’s bears have had a field day with Bitcoin today, forcing it back down to its key support levels at $6,500, which was where it has found significant support in late-November during its massive drop.
Although this support was previously enough to spark a BTC rally, it currently appears that this level may be growing weak, but analysts still believe it is a critical level that bulls must defend if they want to stop BTC from incurring significantly further losses in the near-term.
Bitcoin Reaches Critical Support Level
At the time of writing, Bitcoin is trading down 4% at its current price of $6,600, which marks a notable drop from its daily highs of $7,200.
Today is the second day that Bitcoin has faced notable losses, with its price dipping below the all-important $7,000 support level yesterday before continuing its downwards descent today.
more : https://en.ethereumworldnews.com/6500-is-a-critical-level-for-bitcoin/