Bitcoin is facing an additional drop of 23% from current levels after breaching a key resistance level
Post Link Bitcoin is facing an additional drop of 23% from current levels after breaching a key resistance level posted at 18:16:54 UTC by mfox@businessinsider.com (Matthew Fox) via Business Insider In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is displayed in front of the Bitcoin course's graph of Bitfinex cryptocurrency exchange website on November 20, 2018 in Paris, France. Chesnot/Getty Images Bitcoin's fall below its 50-day moving average could signal more downside ahead, according to technical analyst Katie Stockton of Fairlead Strategies. A decisive break below the key technical level would signal a potential 23% sell-off to $42,000, Stockton said in a Monday note. Bitcoin fell 17% over the weekend, staging its biggest daily decline since February. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Bitcoin's decline of 17% over the weekend could set it up for further downside if a key technic