Bitcoin drops 2.97% to $81,643 on volume 52% above average
- —BTC fell 2.97% to $81,643, intraday low at $80,542
- —Volume hit $46.41 billion, 51.95% above the 30-day average
- —Price is below SMA-7, SMA-15, SMA-30 and VWAP, but above SMA-50
- —RSI at 47.5 and stochastic at 17.1 signal weakness without capitulation
Why it matters: As long as BTC holds above the SMA-50 at $80,264 the broader trend stays intact, but a break below would open the door to further losses.
Source: DiarioBitcoin