Bitcoin Analyst Details 3 Reasons Why He Expects Price to Fall to $13.8K

Bitcoin Analyst Details 3 Reasons Why He Expects Price to Fall to $13.8K
HeadlinesNewsBitcoin Analyst Details 3 Reasons Why He Expects Price to Fall to $13.8K

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Bitcoin Analyst Details 3 Reasons Why He Expects Price to Fall to $13.8K

Bitcoinist2 weeks ago
Published on November 18, 2020 08:13 GMT+0edited on November 18, 2020 08:22 GMT+0

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If there was any barrier sitting between Bitcoin and its all-time high, they don’t seem to be there anymore.

The last few weeks have encountered the flagship cryptocurrency in a tireless uptrend, setting one year-to-date high after another. On Wednesday, it achieved another mettle by jumping towards $18,500, a level it last touched in January 2018 during a corrective downtrend from $20,000.

But to some analysts, the ongoing Bitcoin price rally has risks written all over it. One of them—a TradingView.com-based pseudonymous chartist—discussed those bearish possibilities in a note published earlier Tuesday. He detailed them with three technical indicators, adding that they hint Bitcoin would fall to at least $13,868 in the coming sessions.

#1 MACD Bearish Crossover

The TradingView …