The price of bitcoin is trading down -$3890 or -4.39% at $84650. The low reached $83,365 which was the lowest level since November 11, shortly after the election of pro-bitcoin Pres. Trump. The day after the election in November, the low was at $67445. The price high from January reached $109,356 (up 61%).. From the high, the price is down -22.65%.
Bitcoin technicals
Technically, since November 19, the price has been in an up and down trading range between $90,747 and $109,356. That range was broken yesterday. The momentum took the price down to near the 38.2% retracement of the move up from the August 5 low. That level came in at $86,520, but bounced and closed at $88,567.
Today, after skimming along highs near 89,000…
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