Continued Losses See Bitcoin Erase 40% of Recent Price Rally

Continued Losses See Bitcoin Erase 40% of Recent Price Rally

View Bitcoin has dropped to 10-day lows, bolstering the case for a test of support at $8,000. Short-term indicators are signaling a strengthening of downside momentum. A move above $8,800 is needed to revive the bullish setup. Bitcoin’s price pullback has gathered steam in the last 24 hours, erasing a major portion of the cryptocurrency’s recent gains.