Bitcoin breakdown confirmed, or still a chance to avoid the drop?
Photo: Crypto Daily
The Bitcoin price has broken down out of a descending channel and has come back to confirm the breakdown. Is a deeper drop coming, or is there still a chance that the bulls can push the $BTC price back inside the channel and avoid a first stage drop down to $75K/$76K? While the U.S. stock market could see a bounce this week, Bitcoin has more than economic indicators to cope with. The Binance hack , the biggest such hack of its kind, of the order of $6.3 billion, is a particularly nasty backdrop.
Source: Crypto Daily
