Cryptocurrencies

Bitcoin Chartists See Rout Worsening With $40,000 in Focus

  • Evercore and Tallbacken see warning signs in price charts
  • There’s also speculation that gold is pulling cash from crypto
WATCH: Galaxy Digital CEO Mike Novogratz says bitcoin is likely to remain under pressure for weeks.Source: Bloomberg
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A cohort of chart watchers on Wall Street say Bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify.