Bitcoin Down to Lowest price since May

Its low of $8,975 this week is the lowest Bitcoin’s been for just over a month; the last time Bitcoin’s price was this low was on May 27.

TradingShot Chart

The important of the 1D MA200 and MA1000 Back then, when the RSI broke 38.00, Bitcoin tested the 1D MA200 for the first time in 6 months. In fact, if it wasn't for President Xi's speech on China and Blockchain on October 25th 2019, BTC would follow a smooth Channel Down all the way to a bottom on the 1D…