#RiskAssetsMarketShock
The price of Bitcoin falls after failing the bearish flag: Are the $63,000 the last line of defense?
Bitcoin fell 38% since January, as the divergence in the Relative Strength Index and the breakout of the flag confirmed the weakening of momentum.
The accumulation of holders fell 35% while long-term selling increased by 7%, indicating a decrease in investor conviction.
A supply cluster of 5% near $66,000 now represents the last major support zone for the price of Bitcoin (BTC).
The price of Bitcoin is falling again after a failed bounce on February 6. The price of BTC has retraced nearly 5.3% in 24 hours and close to 38% since mid-January.
BTC
65,993.99
-2.23%
DUSK
0.1044
+1.75%
BANANAS31
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