BTC below $19,000 as bearish pressure intensifies on Monday.
Following a high of $1,330.44 on Sunday,This move comes as the RSI failed to break out of a key ceiling of 39.00, leading to an increase of bearish pressure.The 10-day moving average also continues to move downward versus its 25-day counterpart, which is yet another sign of bearish intent.
It appears that bears could be targeting the floor of $1,215, and should they succeed in hitting this point, may begin to slowly exit their positions.Register your email here to get weekly price analysis updates sent to your inbox:
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