Bitcoin Just Slid Under $8,500: Price Must Hold This Level to Satisfy…

News BTC | Jan 23, 2020 at 5:48 AM
  • Since the day started (PST), Bitcoin has plunged, collapsing from the daily high just above $8,700 to $8,460 as of the time of writing this — a drop of just around 3%.
  • In fact, BTC tapped the level of ~$8,460 two previous times prior to bouncing higher, as per the charts.
  • So unless a new low is set or a key short-term time frame candle closes under $8,500, it seems bulls remain in control.