Are Bitcoin and Other Cryptos Back in a Bear Market After Latest Drop?

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While the latest drop in Bitcoin price below $9,000 should not be a cause for concern when zoomed out, certain key levels must hold to renew bullish sentiment. On Nov. 8, Bitcoin corrected from $9,200 to $8,650, causing the market sentiment to shift from greed to fear once more. The correction came after one of the biggest surges in the history of Bitcoin (BTC), which makes the sentiment shift curious. Let’s take a look at the market overview and analyze the charts.Crypto Market Daily Data View. Source: Coin360Bitcoin loses 200-Day Moving Average as a key indicatorThe recent correction made Bitcoin price…
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Are Bitcoin and Other Cryptos Back in a Bear Market After Latest Drop?

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