The Crypto Crash

Battered bitcoin

Bitcoin's big support at 60k and the longer term trend line are gone. We are well below the 100 day moving average and we have not traded this much below the 200 day moving average in "forever". Assets tend to move violently when big ranges are broken as the psychology inside the consolidations create a form of vacuum, above/below key resistance/supports. BTC is down around 25% since early June.