Largest crypto by market cap, Bitcoin has got itself freed towards the downside. The news whether negative or positive doesn’t seem to bother the crypto world’s poster boy which has felt the harshness of the bear’s grip.
Bitcoin (BTC) Price Today – BTC / USD
BTC/USD has dropped nearly 4% on day at $3,646 and in the last 24 hours, has dropped more than 15% – This is a great sign to show that the cryptocurrency is experiencing a rising volatility. Also, during U.S trading session, a psychologically important key level of $4000 was broken by BTC.
Key levels to keep a close look on the downside now, is somewhere close to $3,000, considering a descending trendline on the 180-minute chart and also coincides a level of – $3,156 where the 200 weeks simple moving average of Bitcoin placed, after the bears this week, somehow successfully broke 200 weeks EMA.