Bitcoin (BTC) is moving with a short-term bearish bias with the local support created at $8,700. This barrier attracted new buyers during the recent sell-off and helped to engineer the recovery. However, the upside momentum is nowhere to be seen as the price stays away from $9,000 that was broken on Sunday amid massive sell-off on the cryptocurrency market. At the time of writing, BTC/USD is changing hands at $8,760, down nearly 4% on a day-to-day basis and unchanged since the beginning of the day. The short-term momentum remains bearish, with the RSI on the intraday charts flat, which means, the coin may continue ... (full story)