Since this past weekend, bitcoin has been consolidating between roughly 246 and 238.50. As the 5/13, Wednesday session wound down, btcusd fell sharply, breaking this consolidation range and almost tagging 234 before stalling.
Bitcoin (BTCUSD) 1H chart 5/14 btcusd 5/14 1h chart (click to enlarge)
The 1H chart shows the bearish breakout with volume, which also put price south of the cluster of 200-, 100-, and 50-hour SMA. The 1H RSI also fell below 30, […]
