Bitcoin Faces Biggest Monthly Price Drop of 2019 Despite Late Upturn
Bitcoin looks poised to post the biggest monthly loss of 2019, despite the recent recovery from six-month lows.
Bitcoin's recent $780 pullback lacks volume support from sellers and may be short-lived.
If "digital gold" means "assets where investors park money during financial market turmoil," then bitcoin doesn't fit the bill as well as it used to.
Bitcoin sharp rejection at resistance around $7,800 has weakened the short-term bullish outlook.
A bitcoin price indicator that marked the beginning of the 2016-17 bull market is about to make another appearance.
Bitcoin has erased more than 45 percent of last week's rally, but a bullish chart pattern is still valid.