BTC drops on Saturday, as FTX confirms $600M hack.
Following a high of $1,301.80 on Friday,This drop in price saw the world’s second largest cryptocurrency fall below a floor of $1,225 on Saturday.Looking at the chart, the sell-off transpired as a downward crossover between the 10-day and 25-day moving averages occurred.could be on its way to $1,000, with the possibility of further drops below this point.
Currently, the RSI is tracking at 40.82, with the next visible floor at the 38.15 point. Should price strength fail to hold at this level, the chances of the aforementioned plummet to $1,000 occurring will increase.Tags in this story
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