Following a week of inactivity crypto markets have started to move again today, but the direction is downwards. The Bitcoin bears have awoken and BTC started another plunge a few hours ago, the question now is how low will it go and where will 2019’s new low be.
For the past seven days Bitcoin has been totally inert, bouncing off resistance at $3,600. A few hours ago this resistance turn support zone broke down and Bitcoin started another descent as Asian traders offloaded. Though not as sharp as previous plunges, BTC dropped over $150 or 3.5% in a couple of hours and is looking extremely bearish at the time of writing.