TL;DR Breakdown Bitcoin price analysis reveals that the king has taken a hard blow of over $1,800.Current support is found at the $46,750 mark.Current resistance is found at the $47,000 mark. Bitcoin price analysis reveals that the king of cryptocurrency has taken a hard blow to fall down over $1,800 in a flashy crash from the $48,600 range. The king of cryptocurrency was showing bearish tendencies since yesterday, and at the time of writing, the price has fallen down to the $46,000 range. The king of cryptocurrency is trading hands for a fluctuating range between $46,750 and $46,880. The market is now seeing bearish crossovers all over the charts. BTC/USD 1-day candlestick chart marked with bearish crossovers The one-day Bitcoin price analysis candlesticks chart is showing the bearish crossovers currently engulfing the cryptocurrency and the market as a whole. The upper Bollinger band is still found above the $50,000 barrier marking the strongest resistance on the chart. The nine-day moving average (SMA 9) is also serving as a bearish crossover at the $48,207 mark, while the current price hovers near the $46,900 mark. BTC/USD 1-day candlestick price chart. Source: Trading View The Bollinger bands’ average is also lingering between the SMA 9 at the $47,498 mark posing as the last bearish crossover on the daily candlesticks chart. The lower Bollinger band is found at the $44303 mark serving as the strongest support mark ...
