View Bitcoin’s moving average convergence divergence (MACD) histogram is charting higher lows, indicating seller exhaustion. Other indicators are also reporting oversold conditions. A falling channel on the hourly chart may end with a bullish breakout and fuel a rally to $8,800. On the way higher, BTC may encounter resistance at…

Why Bitcoin Tumbled Below $8K

Bitcoin prices briefly slipped below $8,000 each on Thursday for the first time in three months, though the cryptocurrency is still more than double its level at the start of 2019. What do these bold – and volatile – moves mean for the ecosystem? David Nage, principal at the Los…