It’s an ugly one for bitcoin as it fell nearly 7% on the day to $65,239 at the lows. It’s since recovered slightly as nearby support from the April low helps out.
The halvening is coming up and the bitcoin bulls hope that’s a catalyst around April 20 but the technical picture is one of consolidation and waiting for a break higher or lower.
Hit particularly hard today is ETH, which is now flirting with the March low in a 10% drop.
This article was written by Adam Button at www.forexlive.com.
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