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Bitcoin Stumbles While Traders Turn to Technicals for Direction

  • Oppenheimer says Bitcoin’s volatility makes it hard to trade
  • Crypto finished 2021 on sour note as Bitcoin fell in December
Updated on

Bitcoin’s starting off the new year on a down note.

The largest digital coin by market value fell as much as 2.8% during Monday’s session to $45,715. That means it was trading below its average price over the last 200 days, which currently stands at $47,923. The session is setting Bitcoin up for its seventh consecutive close below that threshold, which is watched closely by chartists.