Bitcoin initially tried to rally during the trading session on Friday but has since fallen apart. Part of this is due to the fact that the University of Michigan consumer sentiment number in the United States came out much weaker than anticipated. I think at this point in time, people are basically selling anything they have gains in to cover other positions. You have to keep in mind that now that Bitcoin has become a commodity on Wall Street, the reality is they will sell winners to cover losers.Bitcoin will start to have new correlations. With that being said, it still looks like the $60,000 level underneath should ... (full story)