Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low8.51

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys.

Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50 megaton hydrogen bomb — and it looks like it’ll take a while for the smoke to clear. Novogratz was wrong, Tom Lee was wrong, everyone who thought $6,000 was the bottom was wrong. Analysts will probably spend the rest of the week attempting to determine the sources responsible for the turmoil.

Original source
https://bitcoinist.com/bitcoin-technical-analysis-bitcoin-cash-civil-war-drives-btc-to-a-1-year-low/

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