Friday, December 6, 2019

Bitcoin Bears Back, BTC Slowly Fade as Altcoins Beat a Digress

Bitcoin has managed to exceed $9,000 for another day, but it is slowly weakening and is likely to fall below that level of support over the weekend. Meanwhile, Altcoins are already slipping further and may well dump all recent gains.

Bitcoin support fading.


Looking at the trading view charts, the pattern is very clear. A downward trend has formed at the end of the week and Bitcoin is slowly losing ground as it slides toward $ 9k this Halloween day. The most he could do on the last day was $9,250 and a few hours earlier, BTC fell to a low of $9,050 for the second time.

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