Bitcoin moves back down
Sen. Warner is out with some negative comments on crypto currencies:
- Crypto is crying out for regulation
- Companies mine crypto are doing it to pay off ransomware
The price of bitcoin has moved back down to $-1300 or -3.3% at $37725. The high for the day reached $39,878.51. The low extended to $36,481.26.
Looking at the daily chart below, the key 200 day moving average remains above at $40507.55. Stay below that moving average keeps the sellers more control.
Source: https://www.forexlive.com/technical-analysis/!/sen-warner-crypto-crying-out-for-regulation-20210525
