Bitcoin lost ground for a second straight day on Thursday, dropping to a 10-day low of $28,300 and traded below the 20-day moving average. LedesmaLyllah reports.
lost ground for a second straight day on Thursday, dropping to a 10-day low of $28,300 as traders appeared to move away from risky assets.
“The 20-day moving average has less lag and tracks more closely bitcoin,” said Kssis. “In our view it shows a correction to the market which could accentuate.”and an unexpectedly high U.K. March inflation figure of more than 10%. “We could be witnessing the beginnings of an overdue but overall healthy correction, which should encourage further accumulation,” added Ahmed.
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