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Bitcoin: Slide Lower as Important Support Creates a Shadow
Bitcoin is behaving like Bitcoin is known too. While that may not be an earth shattering statement, a look at a weekly chart shows the digital asset has dropped more than six thousand USD in the past two and a half days. This doesn’t mean BTC/USD is going to continue its slide, it simply points out that Bitcoin remain volatile, but you already knew that. However, what may intrigue technical traders of BTC/USD is a look at six month chart. At this moment BTC/USD is near 57,425. Not to rain on the parade of Bitcoin bulls, but there is important support which has begun to cast a shadow after the downturn in value the ... (full story)