Bitcoin Might Collapse to $4,000, Technical Analyst Says

 Bitcoin Might Collapse to $4,000, Technical Analyst Says Bitcoin Might Collapse to $4,000, Technical Analyst Says

The cryptocurrency market cap recently touched its lowest level year-to-date (YTD), and some technical analysts are predicting even worse days ahead. The crash was triggered by (BTC), which began sliding after news the US Securities and Exchange Commission (SEC) would delay its decision on an ETF product, but the worst performers turned out to be the top altcoins, some of which have hit their lowest level for the year. The sentiment is bearish as BTC’s price fell below its 50-day moving average indicator. According to technical analysts, this might signal a further dip, with one telling Bloomberg he would not be surprised to see the cryptocurren…

This article appeared first on Cryptovest

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