Over the past couple of days, Bitcoin has retreated by 12 percent from its 2019 high. Many industry observers have called for this correction following a parabolic surge since the beginning of April. Short-term technical indicators are starting to agree with them. Trend Indicator Flashes Red Over the past 24 hours, bitcoin price has retreated from major support at $8,000 and fallen to an intraday low of $7,450 according to Tradingview.com charts. During morning AsianRead MoreThe post Bloomberg Trend Indicator Suggests More Pain For Bitcoin appeared first on Bitcoinist.com.
