Bitcoin is facing a considerable risk of falling towards $8,700 should its price break a critical support level. Earlier fractals indicate that breaking below a so-called 20-week exponential moving average (hereto 20-WMA) tends to push the price towards the 50-weekly simple moving average (or 50-WMA). That is valid when the 20-WMA trades above the 50-WMA, thereby representing a bull market. A sharp correction in BTC/USD late last week pushed the pair towards 20-WMA. There, the […]