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Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K – CoinDesk

Bitcoin’s price retreat came amid a broad sell-off in cryptocurrency markets, with of the CoinDesk 20-listed digital assets trading in the red.

For bitcoin, upside momentum continues to slow on the daily price chart, suggesting continued profit-taking among buyers.

For now, intraday charts appear deeply oversold.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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