Cryptocurrencies
Bitcoin Falls as Technical Indicators Point to More Pain in 2019
- Index measuring negative selling trend is highest since July
- Bloomberg Intelligence’s McGlone says $1,500 is a possibility
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Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019.
The largest cryptocurrency slumped as much as 5.9 percent to $3,668.09 on Wednesday, approaching the more than one-year low of $3,522.58 reached on Nov. 26. After a few days of relative stability, volatility has increased again in the wake of November’s plunge, which was the biggest monthly drop in over seven years.