BTC below $19,000, as global economic slowdown begins to intensify.
/USD was moving closer to a three-month low on Friday, as the token dropped to an intraday low of $18,859.75.
This comes as both the S&P 500 and gold also dropped to recent lows in the past 24 hours, following U.S. Fed rate hike.Looking at this chart, today’s decline comes as prices slipped below a key price floor of $19,300, with the 14-day relative strength index also dropping below a resistance point. As of writing, the index is tracking at 41.38, which is marginally below a notable ceiling at the 42.00 mark.will likely be trading below $18,000.
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