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Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K By Cointelegraph

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Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Last week’s drop in (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff.

Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA).

Daily price chart showing its 21-week EMA. Source: Nunya Bizniz, TradingView.com
Bitcoin price weekly chart featuring 20-50-MA death cross. Source: TradingView.com