Home / Bancor / Bitcoin Price Struggles to Rebound at $6,350 After Big Fall, Corrective Rally Unlikely

Bitcoin Price Struggles to Rebound at $6,350 After Big Fall, Corrective Rally Unlikely

Subsequent to a 5 percent drop in a 24-hour span, the bitcoin price has struggled to rebound from the $6,350 mark, despite optimistic momentum indicators. Bearish Trend While bitcoin has broken Relative Strength Index (RSI) trendlines and has demonstrated a neutral zone at 44.3 RSI, the overly strong downtrend of the dominant cryptocurrency led its

The post Bitcoin Price Struggles to Rebound at $6,350 After Big Fall, Corrective Rally Unlikely appeared first on CCN

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