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

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

(BTC) fell rapidly on Aug. 19 as the culmination of a week’s sideways action ended in disappointment for bulls.

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1-hour candle chart (Bitstamp). Source: TradingView

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

BTC/USD 1-week candle chart (Bitstamp) with 200-week moving average. Source: TradingView
Bitcoin exchange outflows chart. Source: CryptoQuant
1-day candle chart (Binance). Source: TradingView