Bitcoin drops below $ 9,000
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.
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.