Bitcoin’s Latest Plunge Brings Key Technical Levels Into Play
- Largest crypto on verge of ending its bull run from late July
- Token once again testing crucial $41,000 to $43,000 price zone
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Bitcoin’s slump following El Salvador’s troubled rollout of the largest cryptocurrency as legal tender has put several key technical levels into focus that could point to greater losses ahead.
The virtual coin was trading at about $44,900 as of 9:15 a.m. in London, having slid as much as 17% a day earlier before paring some of the losses while El Salvador was working through some first-day technical glitches.