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Bitcoin, Ethereum Technical Analysis: BTC Falls as Global Economic Slowdown Heightens

September 23, 2022

Category:

Bitcoin

Bitcoin (BTC) fell back below $19,000 on Friday, as financial markets continued their sell-off, while the global economy continued to slow down.

BTC/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.

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