Monitor These Critical Bitcoin Price Levels After Cryptocurrency Drops Below $110,000

Source: TradingView.com Key Takeaways Bitcoin has tumbled this week, a move that kicked off Sunday, when over $1.5 billion in leveraged-long positions in the cryptocurrency were liquidated. Since a bearish engulfing pattern marked the digital asset's record high last month, the price has trended lower within an orderly descending channel, recently falling below the 50-day moving average. Investors should watch major support levels on bitcoin's chart around $107,000 and $102,000, while also monitoring ...