BTCUSD (Bitcoin) has been experiencing a sharp decline in the short-term after its long-lasting sideways pattern broke to the downside, generating a fresh 18-month low of 20,050. Moreover, the descending 50- and 200-day simple moving averages (SMAs) are endorsing the cryptocurrency’s bearish technical picture. The short-term oscillators indicate a negative near-term bias. Specifically, the MACD […]
The post BTCUSD Bounces Off 18-Month Low But Retains Bearish Outlook appeared first on Action Forex.
