Bitcoin (/BTC) Futures Selling Continues
b"The price of Bitcoin futures (/BTC) fell below $60,000 in the intraday Tuesday, Nov. 16, 2021, and have now lost nearly $800 in one week. Scott Bauer says a number of factors seem to be scaring investors into profit-taking like China's crackdown on bitcoin miners as well as the U.S. dollar trading at 16-month highs. Before /BTC breaks higher Bauer sees more selling pressure and anticipates a previous level of resistance - 57,500 - to act as a key level of support in the near future."