These Bearish Factors Show Bitcoin Could See Violent Movement Below…

News BTC | Feb 26, 2020 at 11:00 PM
  • Bitcoin has seen some incredibly bearish price action over the past 24-hours, with the cryptocurrency losing its support at $9,500 and entering a full-blown downtrend as bears attempt to erase much of BTC’s recent gains.
  • It now appears to be increasingly likely that Bitcoin will see some further downside in the near-term.
  • Mac, a prominent crypto trader, mused these factors in a recent tweet, telling his followers that BTC’s open interest, basis, and high funding are all worse than that seen in October of 2018.