Bitcoin “Very Bearish” Below $22.5K, Trader Says as Cointelegraph BTC Price Plunges 6%

Bitcoin ‘very bearish’ below $22.5K, trader says as BTC price plunges 6%

(Bitcoin) fell sharply on Aug. 19, as the peak of a week’s range ended in disappointment for the bulls.

1 hour candlestick chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and trading view BTC/USD followed as it fell 6.2% in a single hourly candle.

BTC/USD 1 week candlestick chart (Bitstamp) with 200 week moving average. Source: TradingViewBitcoin exchange outflows chart. Source: CryptoQuant 1-Day Candlestick Chart (Binance). Source: TradingView

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