Bitcoin (BTC) will end 2019 on a downward note, after breaking down below the $7,300 support level. BTC failed to rally after breaking above $7,500, and the latest gains turned into just a short-term weekend rally.
On the last day of 2019, BTC sank to $7,277.66, re-sparking fears of a deepening downward trend and a search for new lows. Until the last moment, it has been highly uncertain what direction the leading coin could take.
BTC trading volumes were also unwinding, down to about $22 billion’s equivalent in 24 hours. The BTC market cap dominance is stuck at 68.2%, as...