Bitcoin Price Plunges After Recent Rally: Will The Volatility Continue?

Bitcoin Medium-Term Price Analysis

Without an obvious catalyst, Bitcoin (BTC) price has experienced a flash crash early Friday trade. At the moment, the BTC market is experiencing low volatility after facing resistance at the $8,260 price level. The bulls had tested the $8,260 resistance level twice before falling to the support of the 26-day Exponential Moving Average. The market has fallen to a low at $7,745.10. On the downside, if the bears break the support of $7,745.40, the price of Bitcoin will decline to the $7,000 price level.
On the other hand,

This post is an exerpt of an original post published on Kryptomoney. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.