Bitcoin drops below $ 9,000

    Падение BTC
    The fall of BTC

    On May 10, the price of bitcoin dropped sharply below $ 9,000, causing a wave of liquidations on all exchanges. Only at BitMEX were positions for $ 300 million forcibly closed.

    Цена BTC
    BTC price

    After a strong fall on the weekly chart, a giant fresh doji formed with a larger upper shadow. This may indicate a failure of bull plans to continue the uptrend.

    At the time of writing the news, the current price is $ 8,700 and it runs at the level of 50 weekly MA. If the week closes below this line, a bearish scenario may start with a hike to the 200 weekly MA, that is, to the price of $ 6,000.

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