Retail giant 'Target' becomes targeted victim of Bitcoin scam - Bitcoin price tumbles more than 11%

With Bitcoin scammers on Twitter seem to have worsened the situation, Bitcoin price hits a fresh 1-year lows after tumbling below $5,780 levels. Bearish streaks continued today with more than 11% slumps. The intensity of the sell-off on November 15, which is still ongoing for several major cryptocurrencies, reached a point in which BTC saw its volume double from $4 billion to $8.1 billion.

Technically, BTCUSD bears manage to breach below descending triangle support that held strongly in the recent past. Now, the sustenance below likely to drag further slumps on bearish DMA & MACD crossovers and intensified bearish momentum signalled by both RSI and stochastic curves (refer daily plotting).

Target’s Twitter account was hacked and misused to indorse a fake Bitcoin giveaway. The authorized Twitter account of the department store ‘Target’ was hacked by crypto scammers that prompted for a fake Bitcoin giveaway to its millions of followers.

With twitter accounts hacking news are erupting as the hackers went on aggressively to have control over prominent verified accounts such as Google Suite, Universal Music CZ, Target, the Office of the United Nations High Commissioner for Refugees, Toledo Athletics and The Body Shop etc, some computer security veterans perceive that this is not only ‘Target’s problem but has to be addressed by twitter.

Recently, we reported that even Elon musk imposters have also been hijacking verified Twitter accounts to promote bitcoin scams. A few verified accounts on Twitter were hacked as part of a scam to steal bitcoin from unknown mopes by utilizing Tesla CEO Elon Musk’s name, and reportedly made off with at least $180,000.

Currency Strength Index: FxWirePro's hourly BTC is flashing at -132 (which is bearish), hourly USD is inching at -127 (bearish), while articulating (at 07:16 GMT). 

For more details on the index, please refer below weblink:http://www.fxwirepro.com/currencyindex