Bitcoin price crashes spectacularly, wiping $10k from value
The latest dip also caused bitcoin’s market capitalisation to fall below $1 trillion, having passed that milestone for the first time last week.
In comments shared with The Independent, Mr Peters, who works for the online trading platform eToro, said that such signs would probably lead to some short-term losses.
He said the indicators “will be a warning to many investors that the current price trajectory may be weakening, and that a consolidation or change in price direction is on the horizon”.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
This content was originally published here.