Bitcoin has been falling since reaching a local high of $48,189 on March 28. The downward move led to a low of $37,386 on May 1, which validated the $37,800 horizontal area as support. This level had been providing support since the beginning of March. While BTC initially reached a high of $40,023 on May 4, it fell sharply the next day.
Bitcoin holders are in great loss as at today May 11 the bearish breakout of bitcoin are as follows;
12:47 PM: Bitcoin (BTC) is down -6.53% to NGN12,262,320.90. 4:14 PM: Bitcoin (BTC) is up +6.98% to NGN12,961,866.57. 7:08 PM: Bitcoin (BTC) is down -6.08% to NGN12,366,046.57.
