BTC/USD has fallen below the $7,000 mark, which was a key psychological level. The four-hour BTC/USD market is trending in a downward channel formation. Chainalysis released a report stating that a massive Ponzi scam triggered the drop below the $7,000-level. A possible resolution of the US-China trade war and Brexit has been detrimental to safe-haven assets like Bitcoin.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.