“From a technical perspective, bitcoin has now broken below $18,000, which was an area of support in recent weeks. The next levels to watch are $13,500, the 2019 high, and $12,500 (the 3Q20 high),” strategists at Morgan Stanley wrote in a note to clients on Friday.
Renewed Bitcoin Market Swoon Has Put Price Support At $13K in Crosshairs: Technical Analysis
