Bitcoin is trading at almost $ 9000 today. It has fallen by almost 50% as it reached a high of $20,000 last year.
On a technical basis, it is as bad as it could be as it it is likely to face resistance at about $9760, which is 200 day moving average. It is likely to bounce off it and continue the fall to further lows.
We think, it will be an opportunity to SELL rather than buy.