Bye-Bye Bull Run: Bitcoin Price Daily Closes Under Vital Moving Average

The momentum behind Bitcoin price turned from bullish to bearish this week, when the crypto asset fell through the bottom of a triangle it had been trading inside, plummeting over 20% in value.
The force of the drop took Bitcoin price down far enough where it tested the 200-day moving average as support – a moving average that supported Bitcoin’s entire bull run during 2016 and 2017. But crypto investors’ worst fears have come true, and Bitcoin has now closed a daily candle bel