Bloomberg Trend Indicator Suggests More Pain For Bitcoin20.4

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.

Over the past 24 hours, bitcoin price 00 has retreated from major support at $8,000 and fallen to an intraday low of $7,450 according to charts.

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