Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K By Cointelegraph


Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Last week’s drop in (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff.

Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA).

daily price chart featuring its 21-week EMA. Source: Nunya Bizniz, TradingView.com
Bitcoin price weekly chart featuring 20-50-MA death cross. Source: TradingView.com