BITCOIN PRICE ANALYSIS. Newsbtc Bitcoin price. Bitcoin has slumped 3 percent a day after the short-covering fueled rally ran out of steam. The cryptocurrency which had hit a fresh 2-month low of $221.11 raced to hit an intraday high of $237.66 as a big chunk of short positions unwound near the important floor of $220.
Bitcoin is now trading at $228.63. Image: https://www.tradingview.com/x/uMcCD2Li/ Technically, Bitcoin is grossly oversold considering the daily charts but, if we […]